Best Law Firms for Private Client Practice Internship in 2024

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What is Private Client law practice?

Private Client Practice covers a wide range of areas like creation and administration of trusts, taxation, wills, probates and other testamentary instruments, approvals from regulators, advice pertaining to corporate and securities laws and dispute resolution.

In this practice area, clients are usually High Net worth Individuals (HNI), fiduciaries, private banks, multi-generational business families, successful entrepreneurs, celebrities, trustee companies, wealth management companies and senior executives; requiring legal assistance in areas such as private wealth and estate planning.

The confidential and sensitive nature, the multi-jurisdictional aspects of this practice and the complexities introduced due to differences in personal laws across major communities make this a challenging practice area.

In general, clients can be broadly classified into three categories:

  • Individuals
  • Business families
  • Private client service providers

 

Some of the activities in this practice area include:

  • Intra and Inter-generational wealth transfers, based on the community of the client
  • Preparation of wills and bequeathal documents
  • Establishment and administration of trusts for dependents or successors
  • Establishment of intra family governance structures
  • Advising on managing international assets and investments
  • Advising HNIs on transactional aspects, such as employment, incentive structuring, equity, exit strategies, purchases
  • Conducting due diligence and research on high value personal transactions
  • Negotiations and procedural aspects of specialised purchases – valuables, collectibles
  • Setting up and management of philanthropic and charitable organizations
  • Settlements and litigation of family disputes
  • Tax planning strategies for preservation of wealth
  • Planning and execution of High value offshore investments

 


Private Client Practice overlaps significantly with other niche areas like estate planning, succession planning and trusts.

Another emerging area in this practice is migration planning – where individuals or families may wish to relocate and acquire residency status or citizenship in other countries (From or to India); for personal or financial reasons.

Best Law Firms for Private Client Practice Practice Internship in 2024 for LLB Students

This list of best law firms is sorted in alphabetical order.


Free Full Course Available on LawMint's YouTube Channel

How to land your dream LLB internship in a top law firm Video series

How to Land Your Dream LLB Internship in a Top Law Firm


Practical and comprehensive course, with real examples and step-by-step analysis of the complete internship application process. Check out LawMint's YouTube channel now!


Best Law Firms for Private Client Practice Practice Internship LLB Students