High-net-worth people with $1m or more to invest want advice from private client lawyers on issues ranging from tax to trusts.
The designation ‘private wealth’ does not have easily discernible parameters. As Mishcon de Reya solicitor Charlie Sosna says: ‘The interests of the high-net-worth – or ultra-high net-worth – individual can be so wide-ranging that you can’t really put a boundary around it like you can in other areas of law.’
With an individual or a family, he says: ‘It’s their personal interests; their family interests; their business interests. And all that comes with that.’
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