Piers Master

Partner  |  Charles Russell Speechlys
JURISDICTIONS QUALIFIED IN

England and Wales

TOP 3 AREAS OF EXPERTISE

Succession planning
Asset holding structures
Tax

Q&A

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

Establishment of a global asset holding structure for an ultra-high net worth Middle Eastern family, to hold investments, real estate, yacht, special assets; with UK and US tax angles and questions of Shari'a compliance to consider in addition. This required coordination with a host of private client advisers from across the world and across the profession (such as trustees, private bankers, accountants, non-UK lawyers).

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

A successful private client lawyer must combine absolute technical rigour with people skills. This is a relationship business and you must enjoy getting to know wealthy clients from all over the world. Don't become too specialised – the best private client lawyers are true advisers in the best sense of the word – you need to know enough about a whole range of areas to spot the issues, before referring on to specialist colleagues in appropriate cases.

What is your favourite quote?

"Education is the most powerful weapon which you can use to change the world" – Nelson Mandela.