International wealth preservation and succession planning is now a core component of most successful private client practices. Legal Business assesses how far firms will go to keep it in the family
If innovation is a measure of how competitive London’s private client market has become, then the contest for top spot has only intensified over the past year. With London seen as a safe haven for many of the world’s high-net-worth individuals (HNWIs), the question for the capital’s leading private client practices is how to develop an edge over the competition. Strategies include international expansion, rare lateral hires, and offering entirely new service lines – all illustrating that private client lawyers have needed to adapt to a swiftly evolving and increasingly global market.