Partner, Head of Private Client
“Jonathan Kropman’s team at Berwin Leighton Paisner LLP is active on behalf of wealth management institutions and ultra-high-net-worth individuals across a range of jurisdictions, including Malaysia, Singapore and Switzerland.” (Legal 500 2014)
- Jonathan heads the Private Client team. He advises creators and owners of capital, their trustees, their private wealth managers and the corporates they own.
- His work is focussed on private wealth in all its legal dimensions, be it trusts structures, contractual, corporate, finance, tax or litigation.
- Increasingly clients are looking for him to address privacy, the impact of regulation, information exchange and tax transparency.
- Advises trustees and beneficiaries on investment agreements and contractual planning for trustees, shareholders and family offices.
- Established a cross-firm team of multi-disciplinary lawyers who have experience of delivering business law advice to private clients and the private wealth industry.
- Takes an active role in the charities practice advising grant making and receiving bodies on their services and relationship agreements as well as charity governance, mergers of charities and contractual enforcement.
Is there a typical client for your practice?Our clients include founders and heirs to major business corporations, services industries, real estate, technological and financial businesses, spanning all continents. Their interests often, but not always, touch and concern the UK as a focal point. Even if they do not have UK connection, the draw is two-fold. Firstly, the system of well tried, easily understood and enforceable common law advice we give in the UK. This is globally respected. Secondly, it is the full business and personal legal services for private wealth for which the firm is renowned.
What has changed for the Private Client since 2008?The financial crisis of 2008 left a “tax gap” for Governments across the World. To close the gap in tax revenues, the UK Treasury, like many others, has had to look at finding more revenue from the taxpayer. Putting up rates of tax is unpopular but making collection more efficient, working off the back of evolving public attitudes means taxpayers and their advisors have to think about tax organisation in a novel way.
What should trustees do about legal evolution?Trustees face ever changing and increasingly complex laws. Together with families they serve, they need to be kept aware of evolving laws, legal practices, the expectations of those to whom they are responsible and how to manage that. Our practice is particularly strong on advice to trustees, training them and solving their problems.