Tax and trusts, anyone? A day in the advisory team

11 January, 2017
by: Cripps Pemberton Greenish

For this week’s edition of the Cripps Pemberton Greenish trainee solicitor blog, we caught up with first year trainee Lucy Knight to hear more about a day in the life of a trainee in the advisory team. Lucy, the youngest trainee in her intake, is fresh out of law school and is in her first seat of her training contract. Read on to find out more …

8.30am – After enjoying a relaxing Christmas break, I head into our brand new office through the revolving doors and work off the mince pies by walking up the stairs to my floor. I head to the coffee machine and chat with colleagues whilst making myself a latte macchiato. The new open plan office is much more sociable and, as a trainee, it is a great opportunity to meet more of our 370 strong workforce.

8.45am – I sit down at my desk to catch up on e-mails. My supervisor is working from home today so we briefly catch up over the phone and agree my to-do list for the day ahead.

9.00am – A partner asks me to assist him with drafting a declaration of trust. Our client wishes to declare that property they have purchased was purchased with company funds. I complete the declaration and liaise with a solicitor in the real estate team to confirm it is all she requires. I send the declaration to the client by e-mail for them to sign and return it for us to store.

10.00am – My supervisor deals with advising on complex tax issues. We have recently met with new clients who wish to set up a company to purchase buy-to-let property to minimise their tax liability. I liaise with a solicitor in our corporate team regarding the administrative process of setting up a company with several classes of shares. I discuss this advice with my supervisor and prepare an e-mail to the client setting out our advice.

11.00am – I receive a call from an existing client who instructs us to update his Will after the death of his wife. We discuss his wishes for the Will, including whether he wishes to make cash gifts and his funeral arrangements. I confirm a fixed fee with him and agree to begin preparing his draft Will next week, before posting it to him for his approval.

12.00pm – We are instructed to act in the administration of an estate. She was an existing client of ours who originally instructed us to act for her in her divorce. We are at the final stages of collecting in details of her assets to value her estate before we apply for the grant of probate. I prepare an e-mail to her executor and telephone a pension provider to continue collating a list of her assets.

1.00pm – I meet with some of the first year trainees in our new Sky Lounge on the third floor of the new building. We have a post-Christmas catch up over packed lunches. The Sky Lounge is a great space to eat your lunch away from your desk and means you don’t have to brave the cold!

2.00pm – I accompany a newly-qualified solicitor to meet with a new client at her care home. We receive instructions to prepare a new codicil to amend an existing Will she has. I agree to prepare the codicil and send it to her before the end of the week.

3.30pm – I drive back to the office and write the attendance note of the meeting. This accurately records the client’s instructions and I always do this while it is fresh in my mind.

4pm – I undertake some research for a partner in my team relating to the liability of an attorney who fails to act under a lasting power of attorney. The client died in a care home after refusing life-sustaining treatment and lacking mental capacity. The partner is considering whether the attorney and/or the care home may be liable.

5.30pm – I finalise my time recording for the day and leave to catch my train.

My profile

Name: Lucy Knight

Current Seat: Advisory

Previous Seats: This is my first seat

Studied: University of Sussex

Outside of work: I can usually be found gossiping at a local bar with a glass of prosecco in hand.

Favourite Film: Back to the Future

Have any questions? Feel free to get in touch by email at: lucy.knight@crippspg.co.uk