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Beatrice Puoti

Partner  |  Burges Salmon
JURISDICTION

England and Wales
Italy

TOP 3 AREAS OF EXPERTISE

Cross Border administration of estates and trusts
Residency and domiciliation
International Tax and Trust advice

Enhanced Q&A

What has been the highlight of your practice over the past 12 months?

Our private wealth sector in the firm has gone from strength to strength and now comprises over 80 lawyers throughout the firm. It has been one of the busiest years, even though in the Pandemic, and the work has been interesting and challenging. I was delighted to win Lawyer of the year, for myself and the team, as I would not be achieving without them.

What advice would you give rising stars/new lawyers in the private client world?

Do this job if you love the technical challenges every day, and people. It is a demanding, fulfilling job, but clients will want 100% all the time, and the complexity of what we do means that you are always under pressure. Get to know your competitors.

What is your favourite quote?

“Success is never final and failure is never fatal. It is courage that counts." Winston Churchill.

Where have you seen growth in your practice over the last year?

- In the past year many clients all over the world, who have been locked down during the pandemic, have wanted to make sure that their affairs are in order and therefore there has been a lot of cross border estates planning, drafting of wills and powers of attorney. Also there has been a lot of work aimed at structuring for the next generation. - People have also been misplaced by the pandemic, therefore there has been an increased need of tax residence advice for individuals and companies. - Litigation relating to trusts and estate has also been very active. - Immigration and tax consequences of moving in and out of the UK has also increased

What is the main area of growth you predict for the next 12 months?

I think the above trends will continue on to the next year. Also, as the tax policies to pay for the pandemic will become clear in the UK and abroad, I believe there will be a lot of work in dealing with clients’ affairs because of it.

What do you think will be the biggest three challenges in your practice for the next 12 months?

- The Continuing Pandemic, and our inability to meet clients and colleagues and to travel is a challenge for Business Development of all.
- Uncertainty can create work for us, but can also cause actions to be “suspended” until there is more clarity and this could happen if the pandemic continues.
- There is uncertainty as to how the job market will evolve in the medium term and this creates uncertainty as to the available talent pool for the purposes of recruiting.