At a Glance
- Tasks: Join a prestigious law firm and assist in private wealth practice for high-net-worth clients.
- Company: Award-winning international law firm with a global presence.
- Benefits: Competitive salary, professional development, and networking opportunities.
- Other info: Dynamic team environment with opportunities for career growth and client engagement.
- Why this job: Make a real impact in the world of private wealth and trust law.
- Qualifications: Experience in tax, trust law, and excellent communication skills required.
The predicted salary is between 60000 - 80000 £ per year.
This is a great opportunity for an ambitious private client lawyer to join and help continue to grow the award‑winning private wealth practice of a prestigious international law firm. The role will be working in the London private wealth team, part of our global private wealth team which also includes Hong Kong, Dubai, Paris and Singapore.
Ideal Candidate
The Ideal Candidate Will Already Have a Mixed Trust And Tax Practice And Will Therefore Be Able To Demonstrate a Thorough Knowledge Of UK Taxation Affecting Internationally Mobile Individuals And Of All Key Principles Of Trust Law And Will Have Had a Wide Range Of Experience Including:
- International and domestic tax, trust and estate planning for ultra‑high net worth individuals and families;
- Advising on choosing between major offshore jurisdictions and structures, such as where PTCs act as trustees, reserved power trusts, foundations, private funds and partnerships;
- Advising on succession issues including the law governing succession, single or multiple wills, UK inheritance tax (including business relief and the relevant property regime), life assurance and will drafting;
- Being aware of the main issues affecting wealthy individuals who move between jurisdictions, including the UK statutory residency test;
- Advising settlors, trustees, protectors and beneficiaries on matters of trust law including questions of interpretation of trust documents, duties of trustees and protectors and drafting all types of trust documents and documents effecting the reorganisation of trust assets;
- A working knowledge of charities would also be helpful.
Main Responsibilities
- Clear and concise drafting
- Conducting legal research using internal and external knowledge management resources
- Assisting in the preparation of legal articles
- Liaison with clients under the supervision of a partner
- Developing internal and external network of contacts
- Building excellent working relationships with clients and colleagues
- Attending business development and profile‑raising events (client seminars, graduate recruitment activities)
- Financial management – setting realistic estimates in conjunction with the matter partner, monitoring the value of time recorded, raising an invoice and assisting with debt recovery if needed
Attributes/Skills Required
- Ability to acquire, consolidate and apply fundamental and up-to-date knowledge of the law
- Accuracy and attention to detail
- Excellent verbal and numeracy communication skills
- Excellent IT skills including the use of online technical resources
- Organised and able to work to deadlines with the ability to prioritise
- Good housekeeping / file management practices; records time promptly and accurately
- Resilient
- A self‑starter, able to work alone and within a small team
- Ambitious, keen to work in a developing department
- Cooperative and collaborative in approach
- Acting professionally and proactively at all times
- Commercial awareness
- Exhibits an understanding of the firm’s position in the market and how it distinguishes its services from its competitors
- Excellent academic and professional qualifications
- Language capabilities in French, Arabic or Chinese would be advantageous
Private Wealth Associate employer: Stephenson Harwood LLP
Join a prestigious international law firm renowned for its award-winning private wealth practice in London, where you will thrive in a collaborative and ambitious environment. With a strong focus on employee growth, the firm offers extensive professional development opportunities, a supportive work culture, and the chance to engage with ultra-high net worth clients across various jurisdictions. Experience the unique advantage of working within a global team that values innovation and excellence, making it an exceptional place for your career advancement.
StudySmarter Expert Advice🤫
We think this is how you could land Private Wealth Associate
✨Get Involved in Law Societies
Join local law societies and attend their events – they're often a goldmine for networking and job opportunities in the legal field. Plus, it’s a great way to meet other budding lawyers and experienced solicitors who could provide vital insights and connections.
✨Tap into Online Legal Communities
Don’t underestimate the power of online platforms like LinkedIn and specific legal forums. Get active in discussions or share your thoughts on recent legal developments – this not only builds your visibility but also showcases your passion and knowledge in law.
✨Attend Career Fairs and Workshops
Look out for career fairs and workshops specifically focused on law. Many law firms, including Stephenson Harwood LLP, will be scouting for fresh talent, so bring your A-game and don’t shy away from making a memorable impression.
✨Leverage Your University’s Career Services
If you’re still in university or have recently graduated, latch onto your career services! They often have connections with law firms looking for graduates and can guide you through the application process tailored for the legal sector.
We think you need these skills to ace Private Wealth Associate
Some tips for your application 🫡
Highlight Your Legal Knowledge:When applying for a full-time role in legal services at Stephenson Harwood LLP, make sure to demonstrate your understanding of key legal principles and areas of law relevant to the position. Include any specific coursework, modules, or certifications, like LPC or BPTC qualifications, that showcase your legal expertise directly on your CV.
Showcase Your Research Skills:In the legal field, strong research skills are crucial. Use your application to illustrate how you've utilised these skills in past studies or work experiences – whether that's through past internships or significant projects. Mention any legal databases or tools you’re proficient in, as this can give you an edge.
Tailor That Cover Letter!:Your cover letter is your chance to shine! Make it personal by expressing your genuine interest in Stephenson Harwood LLP and the specific role of Private Wealth Associate. Talk about why you want to be part of their team, how your unique experiences align with their values, and why you’re passionate about the legal sector.
Stay Formal but Friendly:While we all know the legal world can be pretty formal, don’t be afraid to let a bit of personality shine through in your written application. Use a respectful tone, but feel free to inject a little warmth; this approach can help you stand out and show you're a great fit for Stephenson Harwood LLP’s culture!
How to prepare for a job interview at Stephenson Harwood LLP
✨Know Your Legal Principles
Brush up on foundational legal principles relevant to the specific area of law you’re applying for, whether it’s corporate, criminal, or family law. We might get asked situational questions to test your knowledge, so being articulate about key concepts will make you stand out.
✨Be Ready for Case Studies
Full-time legal roles often involve case studies during interviews. Prepare to analyse a hypothetical case and discuss your approach to it. Practising this with a peer or mentor can help us refine our reasoning and articulate a solid legal argument.
✨Show Off Your Research Skills
As legal professionals, strong research skills are a must. Have examples ready of how you've effectively used legal databases or conducted thorough legal research in your past experiences. It's a great way to demonstrate your readiness for the role at Stephenson Harwood LLP.
✨Exude Professionalism and Confidence
In the legal field, professionalism is key. During the interview, we should maintain good eye contact and communicate clearly to show that we’re not just knowledgeable, but also confident. This can make a positive impression on your potential colleagues at Stephenson Harwood LLP.