Top Ten Tax & Trust Lawyers
John Riches has been busy conducting public policy work with STEP, working on the CRS.
‘It’s so messy,’ he tells Spear’s.
‘The domestic trusts register has taken things to a whole new level – it’s even more intrusive on fiduciary power holders, and casting the net more widely. An ever-increasing circle of people are sucked in’.
That sounds alarming, but Riches’ clients can rest assured: this is a lawyer with not only a
cool head but also a direct line to the reforms. ‘We’re thinking about structural designs for the future and we’re working to add beneficiary powers to begin with. I’m up to date on the thinking with policy makers, and it’s helping me with clients,’ he says.
Spear’s gets a sense that Riches is a calm port in a storm. In terms of client work he’s seeing ‘growth in the family governance arena – making sure clients are transparent, helping them write family charters. At the higher end the focus is on philanthropic giving.’
He’s reasonably confident about London’s post-Brexit destiny, although ‘these ridiculous property taxes’ and ‘corrosive uncertainty’ are both worries. Even so, ‘working with inspirational people’ continues to get him out of bed in the morning – and if his enthusiasm is anything to go by, it will for a good while yet.