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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.

Somerset (/ˈsʌmərsɪt, -sɛt/ ⓘ SUM-ər-sit, -⁠set;[2] archaically Somersetshire /ˈsʌmərsɪt.ʃɪər, -sɛt-, -ʃər/ SUM-ər-sit-sheer, -⁠set-, -⁠shər) is a ceremonial county in South West England. It is bordered by the Bristol Channel, Gloucestershire, and Bristol to the north, Wiltshire to the east and the north-east, Dorset to the south-east, and Devon to the south-west. The largest settlement is the city of Bath, and the county town is Taunton.

Somerset is a predominantly rural county, especially to the south and west, with an area of 4,171 km2 (1,610 sq mi) and a population of 965,424. After Bath (101,557), the largest settlements are Weston-super-Mare (82,418), Taunton (60,479), and Yeovil (49,698). Wells (12,000) is a city, the second-smallest by population in England. For local government purposes the county comprises three unitary authority areas: Bath and North East Somerset, North Somerset, and Somerset. Bath and North East Somerset Council is a member of the West of England Combined Authority.

The centre of Somerset is dominated by the Levels, a coastal plain and wetland. The north-east contains part of the Cotswolds uplands and all of the Mendip Hills, which are both national landscapes; the west contains the Quantock Hills and part of the Blackdown Hills, which are also national landscapes, and most of Exmoor, a national park. The major rivers of the county are the Avon, which flows through Bath and then Bristol, and the Axe, Brue, and Parrett, which drain the Levels.

There is evidence of Paleolithic human occupation in Somerset, and the area was subsequently settled by the Celts, Romans and Anglo-Saxons. The county played a significant part in Alfred the Great's rise to power, and later the English Civil War and the Monmouth Rebellion. In the later medieval period its wealth allowed its monasteries and parish churches to be rebuilt in grand style; Glastonbury Abbey was particularly important, and claimed to house the tomb of King Arthur and Guinevere. The city of Bath is famous for its Georgian architecture, and is a UNESCO World Heritage Site. The county is also the location of Glastonbury Festival, one of the UK's major music festivals.

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