UK headquartered legal firm Irwin Mitchell has launched Irwin Mitchell Private Wealth – combining the wealth advisory businesses of Berkeley Law, Berkeley Hurrell, Thomas Eggar and Irwin Mitchell.
The legal firm will offer legal and advisory services to wealthy individuals in the UK and internationally. The service concentrates on issues pertinent to private clients including succession planning, reputation protection, family and divorce, probate and estate administration and town and country property. It will also advise business owners and executives on their personal business wealth.
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The combination of the four wealth teams will create a service comprised of 40 partners and nearly 500 staff in 15 locations across the UK.
Nick Rucker, head of London and International division at Irwin Mitchell Private Wealth, tells PBI that the combination of the four businesses draws on the expertise of each individual firm, but also gives the company a greater national reach – with Berkeley Law and Berkeley Hurrell having been focussed on London; Thomas Eggar on the South East; and Irwin Mitchell on the Midlands and the North East.
Rucker adds that the combination of the wealth teams will also assist in "advising private clients on the things that make their wealth," with a focus on the business interests of clients. He says that there will be a particular focus on the needs of UK based entrepreneurs.
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Rucker tells PBI that the company’s offering caters for clients both with wealth creation and wealth preservation issues. He also suggests that the access to offices outside of London gives the firm a USP.
"I can’t see another business in the UK that has the breadth of touch points that Irwin Mitchell does with clients across the UK, and across the spectrum of wealth.
"There are lots of businesses that are very interested in clients when they’re wealthy and can look after them when they are complex and rich; and there are also lots of businesses that are good at helping people to grow their business or their wealth, but they’re not very good when it comes to looking after people when they’ve had an exit," Rucker says.
Rucker tells PBI that although Irwin Mitchell is currently focussed on legal and tax advisory services, wealth advisory services will be important for the business going forward. "We’re certainly looking at ways in which we can integrate this into the business," he says.
