Lawyer Monthly - November 2024

Tatiana Svetlova An Interview with... Mastering the Complexities of Real Estate Law young person working in “real estate,” you see that property investment is the most rudimentary of all and has held true for centuries. I remember handling “oily” documents dating back to 1600 at a time when we still had “deeds,” and it was fascinating. I loved it, and my interest in real estate law has withstood the test of time. As a solicitor who works closely with family offices, private companies, and entrepreneurs, what unique challenges do these clients face in today’s real estate market? We have seen tremendous changes in the political landscape and tax treatment in the last five years. At Svetlova LLP, we work with many international clients; London has been a jurisdiction of choice for decades. Families came to settle and build their substantial real estate portfolios. The UK’s high tax rates and concerns about additional tax hikes are seen as the main reasons for the anticipated wealth exodus. We see that this is happening already as a result of abolishing the non-dom status. The UK’s non-dom regime is a 200-yearCan you tell us about your journey into real estate law and what motivated you to specialise in both residential and commercial sectors? I initially studied music, and after finishing a 14-night run of La Bohème at Holland Park Opera, I met and started dating a trainee solicitor. I cannot quite recall my thought process at the time, but I ended up switching into law and qualifying as a lawyer. My first legal job was with a wonderful old-fashioned law firm, Radcliffes. My office overlooked Big Ben and the Houses of Parliament, and it was the most welcoming place. My first experience began with the property department, where the Crown Estate was one of our clients. It was fascinating, and ever since, I have been drawn to the world of property. At Radcliffes, I worked with partners who were truly passionate and generous with their knowledge and time. Time stood still; there was no rushing, and there was an incredible family atmosphere. I remember having hourlong conversations about the intricacies of property law and, of course, life with partners who had worked there for over 30 years. It was a wonderful place—I haven’t seen anything like it since! This first law firm informed my own style as a lawyer for years to come. Relationships and respect took centre stage. As a In the dynamic landscape of real estate law, professionals face unique challenges and opportunities across both residential and commercial sectors. This article features an in-depth discussion with Tatiana Svetlova, founder and managing partner at Svetlova LLP, who shares insights from her journey into real estate law, the evolving market dynamics, and the critical factors that contribute to successful transactions. With a focus on building relationships and adapting to changing regulations, Tatiana sheds light on the future of real estate law in an increasingly complex environment. WWW.LAWYER-MONTHLY.COM 57

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