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Roles and Responsibilities of Non-Legal Advisers Leading Legal Teams: Insights and Strategies

This article explores the essential roles and responsibilities of non-legal advisers who lead teams that include lawyers. It emphasizes the importance of understanding client relationships and priorities, defining ownership and accountability, and identifying key professional risks. The piece discusses the need for a collaborative approach, solutions for wealth preservation and transfer, and the qualifications necessary for implementing effective management succession plans. By aligning diverse professionals towards common goals, advisers can facilitate significant changes that enhance clients' lives and legacies.

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Roles and Responsibilities of Non-Legal Advisers Leading Legal Teams: Insights and Strategies

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  1. EP Roles and Responsibilities for non legal advisers leading teams including lawyers. Michael Perkins TEP – Special Counsel

  2. Lead Adviser Role • Has a primary professional discipline. • In addition is the lead expert in the situation of the client and is an advocate for the client. • Helps facilitate the client’s management of • Relationship Capital • Property (in a legal sense) Includes Financial Capital • Family, Social and Personal Accountabilities • Facilitates change and improvement in the client’s life

  3. Initial contact • What is the priority of the client now? • Who is the client: • the individual or • the family group? • Who owns the client? (the client???) • What is the first deliverable?

  4. Rank priorities and risks • How much can I do myself? • What do I need to outsource? • What can I in-source? • Is a collaborative approach to engagement appropriate? • How do I retain control in the engagement?

  5. Understand the situation • Identity – including territory. • Family. • Other key people. • Property by form of ownership and management. • Client objectives.

  6. Key Professional risks • What is involved, client led advisory service or service product delivery? • What internal resources are available to assist the adviser? • What external skills do I need and where do I find them?

  7. Key estate risks • How is your client concerned about: • Personal and Family Representation and Succession. • Family Continuity, Governance and Legacy. • Wealth Preservation, Enhancement and Transfer. • Business Ownership and Control. • Financial Security and Compliance

  8. Propose Solutions • Affairs Management • By client • For client • Representation • Wealth Preservation • Wealth Transfer • Management Succession • Ownership Succession • Legacy / Social and Community Contribution

  9. Who implements the plan? • Appropriately qualified professionals e.g. those from the fields or professions of: • Financial Planning • Law • Accounting • Tax • Trust & Estate Practice • Family and Business Consulting • Family Dynamics • Management and Social science professionals

  10. EP Service Teams • Bind professionals to a common goal. • Focus on delivering change and results not just service products. • Are amenable to service level agreements if work volume is sufficient. • Must be driven by serving the vision and values, of the client. • Must be built on clear communication and effective management plans for the engagement.

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