UK Private Client Law
Private client lawyers work with individuals and families, providing legal advice on a variety of matters such as investments, taxation, estate management, wills and testamentary issues. Private clients are usually very rich and high net worth individuals or landowners who hold massive amounts of properties and other assets. Private client lawyers also tend to deal with charities too. These might be small, not-for-profit associations or fully-fledged organisations that are run like a business and have immense budgets.
The main objective of a private client lawyer is to provide advice which will help preserve, build and maintain wealth and establish trusts. They will also offer prudent guidance on matters, such as inheritance tax and capital gains tax.
Why is it important? What does it involve?
The workload of a typical private client lawyer might be comprised of drafting wills, executing the terms of the will in the instance of death, and the subsequent disbursement of properties and assets. You will also help clients to look after and grow their wealth, locally or internationally. As such, private client lawyers will also be required to apply tax law in many cases. Most firms will have separate departments where private client and charity work is handled.
Private client lawyers working for charitable bodies will provide legal services for registration, restructuring, creating charters or trust deeds, compliance with statutory and local authorities and regular management and disbursement of funds, which have been received or earned for charitable endeavours. Other activities will include providing investment advice, helping to set up offshore trusts, drafting contracts and business proposals and handling sponsorships.
Private client practice is an ever-burgeoning field. Immense advances in several emerging markets have created a fresh breed of millionaires and billionaires across the globe. Consequently, lawyers in this area have their hands full with plenty of work, and there’s more to come in the future. There is also an increasing demand for lawyers specialising in private client and charity practice.
Break it down for me a little bit!
Private client lawyers must have excellent people management skills. They will need to handle communications, discussions and negotiations articulately and efficiently. A comprehensive knowledge of the law and commercial matters when dealing with taxation, inheritance, investments and trusts is essential.
They must have a particular aptitude for wading through tons of rules and regulations and be able to structure matters in a manner that is most beneficial to their client; saving on costs, whilst still being compliant with the law.
It’s advantageous for private client lawyers to have a good understanding of the foreign markets where clients hold their assets and funds. They may also need to interact and coordinate with people abroad and deal with organisations that operate offshore or in overseas tax havens.
These careers could involve some degree of international travel. However, there will also be long hours and, as always, an ungodly amount of documentation to get through.
Grenoside is a suburb of Sheffield, South Yorkshire, England. The suburb falls within the West Ecclesfield ward of the city.
History
The Angel, Main Street, Grenoside
The name Grenoside is derived from the language of the Anglo-Saxons. The name Grenoside, which was first recorded in the thirteenth century as Gravenhou, is made up of the different elements. Gren from the Old English (Anglo-Saxon) graefan meaning a quarry. ‘o’ from the Old Norse haugr meaning hill and the modern word side, altogether meaning a quarried hillside.[1]
In Norman and later documents, it is named as Gravenho (1199) and Gravenhowe (1332). This name is made from the Saxon word elements of Grave meaning "to dig" and How meaning Hollow. In this sense the meaning of Gravenhowe would be "Quarried Hollows" or "Quarried Hills"[citation needed] and indicates that stone has been quarried in Grenoside from the ninth century[citation needed] up to 1938 when the last quarry on Norfolk Hill closed. Other spellings of the name are Granenhou (1267), Granow (1450), Graynau (1534), Grenoside (1759), Greenaside (1772) and Grinaside (1831).
Stone quarrying was a major industry in Grenoside from a very early date until it ceased in 1939. The stone quarried in Grenoside varied in quality and was put to several uses. The finer grained, hard stones were much in demand as grindstones for the cutlery trade and for fine fettling and finishing in iron foundries. Coarse grained stone was used for furnace lining and from these were hewn the stone boxes used in the cementation process of steelmaking. In 1860, the following are named as quarry owners in Grenoside – Thomas Beever, George Broadhead, George Firth, Thomas Lint, Joseph Swift and Charles Uttley.
By the beginning of the seventeenth century, several village people were named in connection with the making of cutlery. William Smith, a yeoman of Grenoside, who died "of great age" in 1627 had taken out a cutlers mark in 1614. His son, Henry, was a member of the Cutler's Company in 1629. The manufacture of cutlery was restricted to those who had served an apprenticeship in the trade; an apprentice served seven or ten years without pay. The restriction was closely controlled by the Company of Cutlers in Hallamshire from 1624. As a result, many small nailmaking businesses were set up which was not so tightly controlled. As late as 1860, three nailmakers are listed as living and working in Grenoside.
Grenoside Sword Dance
The Grenoside Sword Dance forms an important mid-winter ritual for the village and can be traced back to the 1750s.[2] It is traditionally performed on Boxing Day morning in Main Street.
There is an Anglican church situated on Main Street, St Mark's Church, Grenoside, a Methodist church on Norfolk Hill and St Thomas More Catholic Primary School, on Creswick Lane. The Primary School, originally on the north side of Norfolk Hill, relocated to a new building to the south of the road in 2006. The former infant building on the north side of the road is now semi-derelict. Grenoside's new crematorium, built in 1999 on Skew Hill Lane, was formerly a munitions scrap yard.
Part of Greno Woods is a nature reserve managed by The Wildlife Trust for Sheffield and Rotherham.[3]