The official launch of PJS Law’s private wealth and family governance practice group is timely during an unprecedented global wealth transition, says Regina Jacinto-Barrientos, head of the practice, and the CEO and co-founder of the Philippines-based firm.
Having operated informally for several years, the firm has now officially launched the practice to cater to a wide range of clients, including family-owned businesses, multi-generational enterprises and individuals with complex or cross-border asset holdings.
Jacinto-Barrientos said the practice brought together the firm’s expertise in corporate, tax, regulatory, disputes and family law into an integrated offering. “At its core, the practice is driven by its core thrust of helping families honour their past and empower their future,” she told Asia Business Law Journal.
“Over recent years, we have seen a marked increase in clients seeking more structured, forward?looking advice that goes beyond traditional estate planning, and instead addresses how wealth, businesses and family relationships can transition smoothly and sustainably across generations,” she said.
“This comes at a time when the largest global wealth transfer is underway, with substantial assets expected to move from one generation to the next in a decade or two. We have seen that this demand is shaped by global trends and growing complexity in asset structures, regulatory environments and succession dynamics.”
Joining Jacinto-Barrientos in the private wealth and family governance practice group are co-heads senior partner Virginia Viray and partner Joshua Gilbert Paraiso, together with senior associate Kenneth Raymundo and associate Jeffrey Abrazaldo.
