60-second interview with Nick Jacob

Nick Jacob, 5/3/2019

Nick Jacob TEP is Partner, Private Client, at Forsters in London. 

What does your firm do?

Forsters is a London law firm with nearly 60 private wealth lawyers, specialising in many parts of the world.

What has STEP done for you, individually, or as a business?

STEP has taught me a lot, and introduced me to very many interesting people.

What is the most important thing STEP does, in your opinion?

The Society’s most important role is to educate and improve knowledge in the trusts and estates field.

You will be speaking at the STEP Caribbean Conference in May. What will you be speaking on?

I’ll be covering terminating trusts.

What do you most like about your job?

I’d say regular changes in the law and responsibility.

.. and what do you feel is most worthwhile?

Training young lawyers.

What would you say to a young person thinking of a career in this industry?

Young people will have to adapt to more change than ever, and they will also need to recognise what Artificial Intelligence (AI) will do to our jobs.

Which sectors are likely to see the strongest future growth, do you think?

I’d say the corporate sector, intellectual property, and private client. The most challenging will be AI.

What about jurisdictions?

In my view, Singapore.

What trends do you see in the global private wealth sector at the moment?

The main trend I can see is a greater appreciation of planning ahead for business transition.

Nick Jacob TEP is Partner, Private Client, at Forsters in London. He specialises in family governance and succession planning, focusing on psychological and legal issues. He has acted for substantial institutions on trust drafting, risk assessment and for trustees where beneficiaries are divorcing. Nick was nominated by Who's Who as one of the top ten private client practitioners in the world. He has recently retired from STEP’s Board.