Professionals tend to like to work within the comfort of their own professional remits – lawyers tend to stick to legal work, accountants to accountancy, tax adviser to tax, Financial Advisers to investment advice, etc.
Our Terms and Conditions certainly seek to limit the remit of our advice as lawyers to legal work only - see clause 2(b) that seeks to exclude our advising on taxation (especially S.D.L.T. / W.L.T.T.), accountancy, finance / investment, insurance, valuation, survey, planning, building regulations, and environmental liabilities and obligations.
This general professional tendency to “stream” services, narrowly, can render it difficult for clients to get general advice across professional disciplines, when that is required. Our Estate Review service attempts to address this issue: the product is for our engagement with you to assess what professional services, including legal services, you might need to engage efficiently and appropriately to structure your affairs, and in particular tax, accounting, finance, investment and insurance – and we may also make any recommendation you request as to such services that could be co-ordinated with any legal services you might require for us, or from legal experts we might recommend be engaged for you.
This product is for spending a couple of hours on your behalf, taking instructions to understand your criteria, and making basic recommendations of “next steps”. Actioning our recommendations beyond our review but as a result of it would then be quoted and charged, extra, as appropriate.
How long will it take?
We don’t generally do anything for new clients until our process of client retention has concluded – this involves agreeing the scope of what we are doing for the price (our terms are below), setting-up our client record (that includes ID checks), and producing the bill (payment in advance is required for all new clients).
After that, the review is a job that we can undertake in less a few hours once we can schedule it in our workflow, that can depend on how busy we are at any particular time. We would not usually take-on a job for which we could not engage within about a working week.