The UK tax system is ‘wildly, unnecessarily complex, which is unfair on taxpayers’, says Withers partner Sophie Dworetzsky, highlighting the regular change of underlying policy – such as the non-dom rules – which leads to huge uncertainty. ‘From the country’s point of view, if you have extremely wealthy taxpayers who don’t know what their tax position will be until just before the law is announced, giving them no time to plan makes us a less attractive country.’

‘In terms of legislation it’s settled down a bit: it’s less frantic and less exciting – in a good way,’ says the likeable and self-deprecating Russell Cohen, a long-standing partner at Farrer.

‘There’s nothing that makes people more miserable than having a punch-up with their relatives, and equally there’s nothing that results in wealth being dissipated faster,’ says Jonathan Burt, Harbottle & Lewis’s new hire from Harcus Sinclair. He warns that feuding families are in danger of causing their business to suffer if they go down the litigious route.