Private Client, 4-6 yrs PQE
Private Client Solicitor, 4-6 yrs PQE, required by a high profile London law firm.
You will be advising both resident and non-resident individuals and trustees in relation to UK tax legislation affecting them and their investments, including: pre-immigration and emigration planning, trust distribution strategies, tax efficient asset structuring; and family governance.
You will also be expected to advise on and prepare Wills (and related testamentary documents) and all forms of trust documentation. As part of this you will need to advise on inheritance tax and capital gains tax issues (including potential mitigation strategies) and on trust law aspects of the work. You must therefore have a detailed and working knowledge of Capital Taxes (IHT/CGT/SDLT), a good knowledge of tax, trust and private client law generally and a strong background in Private Client work.
Ideally you will also have passed relevant STEP/CTA exams.
Whilst there is no such thing as a typical client, the core profile of clients who are looked after by the firm are wealthy families, often with a number of family trusts and grant making charitable trusts. Their assets are likely to include shares in family owned businesses, quoted investments, bespoke open ended investment companies, hedge funds, landed estates and property.
They also act for business executives, entrepreneurs who have generated their own wealth, and families whose assets have accumulated over the generations.
Although most of their clients have a UK nexus, there is a substantial offshore, foreign and international aspect to their practice and you would be expected to be familiar with dealing with the challenges this brings.
The Private Client department has two sections, the legal section and the trust and tax section. The legal section consists of solicitors and two legal executives (specialising exclusively in probate), and the trust and tax section comprises qualified and unqualified trust and tax accountants and practitioners. These two sections work closely together on our clients' affairs so as to provide a seamless service.