Charles Russel Speechlys is an English law firm on the rise and expanding internationally. Always ready to help the client rethink their personal and business asset allocation and assist them in implementing tax, legal and corporate strategies in light of new regulations.
LEADERS LEAGUE. What is the specificity of the Paris office?
Stéphane de Lassus The Paris office is focused on private client’s issues. We offer a unique combination of legal and tax services to companies, investors and family groups, as well as management teams. We assist clients, both French and foreign, in structuring their transactions and their business and private assets at both an international and national level. Recently, we restructured the capital of a billion dollar multinational, publicly listed private equity firm based in Paris.
As part of these services, we represent the interests of entrepreneurs, founders, managers, shareholders and other private investors, we advise public and private companies on the legal and tax issues involved in their domestic and cross-border transactions, private investors and family groups as regards investment transactions and restructuring. In addition, we also advise company directors and families who own companies, in restructuring their business and private assets, public and private companies, as well as their directors and owners, in resolving disputes with which they may be faced, and companies and large international groups on all issues related to French employment law concerning their operations in France, on both an individual and organization basis.
Our numerous areas of expertise (law, corporate law, labor law and litigation) give us the opportunity to develop a multi-disciplinary approach increasing our performance on complex cases. Our clients appreciate our expert, practical advice, our responsiveness and our ability to work together to find creative and concrete solutions which meet their needs and to provide a highly personalised service. We are committed to providing clear and operational advice based on extensive technical analysis.
What is the international approach of Charles Russell Speechlys?
Charles Russell Speechlys is a law firm headquartered in London with offices in the United Kingdom, Continental Europe (in Switzerland and Luxembourg in addition to France), the Middle East and Hong Kong.
The well-established international offices in Europe and the Middle East are able to provide advice on both local and English law and are able to connect with other local advisers as well as collaborate with the firm’s wider resources in the UK if needed.
For our clients operating internationally, our model is based on using our own lawyers’ long term experience along with using the very best local law firms. As well as providing appropriate legal skills, these also have the necessary local relationships and cultural understanding.
In this respect, there is a strong will to continue our expansion by establishing ourselves in geographical areas with high growth and need of legal and tax advice, like Hong Kong. The opening of this office allowed Charles Russell Speechlys to offer a local expertise to its clients who are doing business with Asian countries and also to reach new clients.
What is the current atmosphere in France and what are your expectations for the future?
Emmanuel Macron proposed major changes in taxation of investors during his presidential campaign and high expectations have arisen following his election. The French finance act for 2018, which was unveiled on September 27th, includes several key tax measures for French investors such as the introduction of a 30% flat tax for investment income and the replacement of the French wealth tax (ISF) by a new wealth tax applying to real estate only (IFI).
In this context, some of our clients have postponed structuring operations until the adoption of the French finance act by Parliament, which should happen before the end of 2017.
Furthermore, we noticed a change amongst our client base which historically consists of family groups and capital investors and is now diversifying itself towards entrepreneurs and business founders. The current tax reform will certainly increase this trend by stimulating business creation in France and the favorable tax regime of “impatriés” has to be considered to attract high-level managers to come in France.