Trainee Days – Advisory (December 2015)

28 December, 2015
by: Cripps Pemberton Greenish

Equity and trusts law anyone? This week, Cripps Pemberton Greenish trainee Franco tells us more about his days within the Advisory team:

My Cripps Pemberton Greenish in a Day

8.30am: I arrive at work and make myself a cup of tea. Normally I am based in Tunbridge Wells, but today I am at our Kings Hill office as I will be attending a client meeting here at 10am, with one of the Advisory Group’s partners. I check my to-do list and highlight anything that needs to be done urgently. 

9.00am: I prepare an agenda for today’s client meeting. The clients would like new Wills that will safeguard their considerable assets. I research the areas which I think will be most useful during the meeting, in terms of discretionary and life interest trusts. 

9.30am: I have a chat with the partner I am accompanying at the meeting to make sure that my agenda covers everything it needs to. Unexpectedly, she asks me if I would like to run the meeting. I confirm which aspects I should be covering as there are likely to be complex lifetime tax planning issues to be discussed. This makes me feel excited, but also slightly nervous! One of the best things about being a trainee at Cripps Pemberton Greenish, is that you are given as much responsibility as you can handle, but at the same time all supervisors are really approachable and easy to talk to, so you can always ask questions if you are not sure about something. 

11.30am: The meeting went really well. There were some unexpected and very complex tax issues which had to be covered by my supervisor. The clients have very interesting backgrounds and their multi-million pound estates include some very successful businesses. I usually dictate or type an attendance note as soon as possible after the meeting, but today I have a couple of things I have to do first. 

12.00pm: I finalise the Wills with gift of property provisions for two longstanding clients of Cripps Pemberton Greenish, and send the draft documents to them by post. 

12.45pm: A few weeks ago I was given the responsibility of running a file concerning the sale of an Italian property on behalf of the executors of a large estate. This has involved liaising with the Italian solicitors and notary. I am bilingual, so using my language skills is great! I ask the notary to confirm the required next steps, and email the estate agent so that an update may be sent to the buyers. 

1:00pm: I spend today’s lunch in the newly opened Kings Hill break out area, complete with pool table, TV, darts board and an Xbox One. However, my to-do list is a little long so I head back to my desk a bit earlier than usual. 

1.30pm: As the issues discussed at the meeting were particularly complex, I feel more comfortable typing the attendance note rather than dictating it; that way I can think about and calculate the figures carefully. I check with the partner that my costs estimate is ok, and then draft an email to the client with a list of next steps. My email is approved so I send it on to the client. 

3.00pm: I receive an email from reception about a new client enquiry regarding lasting powers of attorney and a new Will. I check with one of the supervisors that they are happy for me to get back to the client to ascertain what exactly they need, and to talk to them about possible options and an estimate on costs. As I am given the go ahead, I phone the client and run through the various options. I then make a thorough record of my conversation through our client enquiry system, and update my supervisor on how the conversation went. 

3.30pm: My supervisor asks me to amend a Will and pilot trust documentation following new instructions from the client. After careful consideration, I query whether what the client has asked us to do is actually possible. I therefore research the issues and speak with my supervisor. She agrees that the issue should be referred to the matter partner so that a final decision can be made, which I do.

6.00pm: I take a few minutes to organise my to-do list for tomorrow, then head off to a charity event I helped organise. Getting involved in the local community is a great way to socialise, and at the same time make very important contacts.

 

More about Franco

Name: Franco Lambiase

Current Seat: Advisory Group (First Seat)

Previous Seats: NA

Studies: Law (LLB) at BPP Law School, Waterloo; LPC at University of Law, Guildford

Outside of work, I can usually be found… cooking, gardening, walking in the Kentish countryside with the dogs

Favourite Film: Legend of the pianist on the ocean