Top Ten Tax & Trust Lawyers
‘I’ve been phenomenally busy,’ says Ashley Crossley, a dual qualified solicitor and barrister, who leads Baker McKenzie’s wealth management arm in the London office. He’s seen inflows of restructuring requests from family offices, as well as a significant amount of ‘aggressive’, multijurisdictional tax litigation. The increasing scrutiny on offshore entities means families are onshoring, he says, increasing their presence in ‘stable’ financial centres such as London and New York. It makes the ‘brand’ stronger, he says. ‘It’s more regulated, but it gives them a badge of approval.’ This positioning makes business with the rest of the world easier. The international nature of Crossley’s practice means clients don’t see Brexit as a bad thing. ‘They think the UK may be more attractive for them after Brexit than now,’ he reveals. ‘Their view is, once the UK leaves the European Union, it will have to be more competitive globally, because it will need to attract more people.’ Crossley’s cases often have a significant financial stake: he’s advised on fund-invested vehicles work in excess of £500 million, has worked with one of the world’s wealthiest Russian/CIS entrepreneurs, and has acted on one of the largest structures in the Far East, worth £5.3 billion.