Mishcon de Reya has today (11 June) announced it is set to launch an independent, private client advisory business entitled ‘Mayfair Private’ with offshore fiduciary firm Opus Private to provide ‘discreet professional solutions’ to wealthy individuals, families and private offices.
The joint venture will create a single point of access for co-ordinating legal, fiduciary and family office services. Heading the initiative at Mishcon will be executive partner James Libson, real estate partner Ian Paul and immigration partner Kamal Rahman.
With the service set to become available across Mayfair Private’s London, Guernsey and Dubai offices, advice on offer will include family governance; family office advisory; wealth protection; philanthropic structuring; sourcing and protecting lifestyle assets; and bespoke concierge services. It will not offer investment, asset, treasury or portfolio management services.
Opus Private, which has worked with Mishcon for many years, comes from a tradition of being professional service providers as well as fiduciaries. Dubai-based group director Andrew Young was formerly head of private client at Lawrence Graham and before that headed DLA Piper’s private client team between 1991 and 1997.
Mishcon’s managing partner Kevin Gold (pictured) said: ‘Years of experience advising clients on their business and personal matters has helped us understand that families really are the most complex organisations in the world.
‘We have a reputation of fiercely guarding our clients’ interests through the specialist legal advice we provide but we have become increasingly aware of a gap in the wider service offering for them.
‘It became clear that there was a pressing need for the family and private office-related services – that traditionally fall outside of the remit of a law firm – to be professionalised. Consolidating the specialist private experience of Mishcon de Reya and Opus Private to create Mayfair Private enables us to fulfill this need. Clients of Mayfair Private will also enjoy access to an exclusive network of best in class professionals who will help them to achieve their goals.’
Sarah.downey@legalease.co.uk