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Next gen: law, life & legacy

241430
As families transform & modernise, experts from Penningtons Manches Cooper chart the changing landscape of private wealth
  • Practical insights for next generation and modern families that are navigating the coming wealth transfer.
  • Explores real-world scenarios, including late-life relationships, blended families, international marriages, surrogacy, vulnerable beneficiaries and cross-border estates.

The private wealth sector is experiencing a generational pivot. Today’s next generation—more globally mobile, values-driven and digitally fluent than their predecessors—is inheriting not only assets but the responsibility to manage and safeguard them across complex family structures and jurisdictions.

Its expectations are for transparency, agility and cross-disciplinary advice in the private wealth sector. At the same time, familiar pressure points such as capacity and vulnerability, marriage and international mobility, and post-death disputes, are appearing in new configurations that demand earlier, holistic intervention.

Family law & intergenerational wealth transfer

Nuptial settlements

When it comes to intergenerational wealth transfer, the potential impact of divorce on family money is often

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MOVERS & SHAKERS

Freeths—Ruth Clare

Freeths—Ruth Clare

National real estate team bolstered by partner hire in Manchester

Farrer & Co—Claire Gordon

Farrer & Co—Claire Gordon

Partner appointed head of family team

mfg Solicitors—Neil Harrison

mfg Solicitors—Neil Harrison

Firm strengthens agriculture and rural affairs team with partner return

NEWS
The Crown Prosecution Service (CPS) has launched a recruitment drive for talented early career and more senior barristers and solicitors
Regulators differed in the clarity and consistency of their post-Mazur advice and guidance, according to an interim report by the Legal Services Board (LSB)
The Solicitors Act 1974 may still underpin legal regulation, but its age is increasingly showing. Writing in NLJ this week, Victoria Morrison-Hughes of the Association of Costs Lawyers argues that the Act is ‘out of step with modern consumer law’ and actively deters fairness
A Competition Appeal Tribunal (CAT) ruling has reopened debate on the availability of ‘user damages’ in competition claims. Writing in NLJ this week, Edward Nyman of Hausfeld explains how the CAT allowed Dr Liza Lovdahl Gormsen’s alternative damages case against Meta to proceed, rejecting arguments that such damages are barred in competition law
The next generation is inheriting more than assets—it is inheriting complexity. Writing in NLJ this week, experts from Penningtons Manches Cooper chart how global mobility, blended families and evolving values are reshaping private wealth advice
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