Private client | 02 March 2016

2nd March 2016 – The City of London law firm Druces LLP, focused on business and private wealth, has today launched a new International Wealth and Fiduciary practice with the strategic hire of two additional partners.  This represents a very significant development of the firm’s private client offering from its existing three-partner team and ensures that Druces has a significant presence in the London private wealth market and proven international experience.

Robert Macro and Neil Morris join the firm from a top-100 law firm’s private client team where they were both partners.  They will concentrate on and lead the firm’s International Wealth and Fiduciary practice in acting for an ever-increasing roster of clients dealing with complex tax, fiduciary and estates issues, both domestic and international.

Specialities of the team include acting for non-domiciliaries, both UK resident and non-resident; high net worth individuals and their businesses; structuring investment in the UK; optimising worldwide holding structures for tax efficiency and ensuring the safety of assets held around the world.

Robert and Neil act for trustees, private banks, companies and individuals.  Their reputation is built on assisting families, individuals and trust companies with wealth preservation and generation, bridging the gap between the individuals and families and the business structures that they own.  They are also well-known for providing commercial advice to significant private banks and trust companies (both institutional and independent) based around the world.  Clients following the team will also be able to take advantage of Druces’ existing expertise across the banking, corporate, dispute resolution and real estate teams which have experience in particular industry sectors.

Commenting on the hires, head of private client, Richard Monkcom, said:

“Robert and Neil’s joining is a great step forward for the firm, in particular its private client practice.  The combined expertise and extensive client relationships that they bring considerably enhances the firm’s capability to support individuals of substantial domestic or international wealth whether it is held personally, through trusts or via businesses.  These key clients will also be served by the firm’s other core areas in which it has also invested recently by the strategic hiring in the fields of corporate, AIM, banking, commercial litigation and planning law.  The addition of such talent means the firm is well placed to continue its strategy.”

Neil Morris and Robert Macro comment:

“We look forward to offering a true service-orientated alternative for both individual clients and trustees who want to move away from the new big-firm process-driven delivery of legal advice but feel that a boutique firm cannot provide the essential services they require.  With Druces’ history and the team here, we can concentrate on providing cutting-edge advice, adding value and looking after the firm’s clients both established and new.”

Press Release

Author(s)

Mergers & Acquisuitions | 11 February 2016

Druces LLP, the City-based business and private wealth law firm, has closed a $6 million bond financing for client Technology Enhanced Oil PLC. The mandatory convertible bond has been listed in Singapore and the client will use the proceeds of the issue to acquire underperforming oil assets in North America whose economics can be improved by the use of enhanced oil recovery techniques.

The Druces team was led by recently hired partner David Smith, assisted by Caroline Cropley, Charles Avens, Rachel Mathieson and Christopher Louth.

The bond was arranged by ISM Capital LLP, who were advised by Simmons & Simmons LLP.

This news was posted on 11 February 2016.

Press Release

Author(s)

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