Mandate and context
As a leading law firm, the client sought to expand its service offerings by developing a new division dedicated to Family Offices in Quebec. The goal was to highlight the substantial potential of this new service line while determining the most effective way to manage it. The mandate involved: Conducting a comprehensive study to assess the feasibility of establishing Family Offices in Quebec. Offering insights and recommendations for structuring a dedicated service offering tailored to the needs of affluent clients.
Implementation and solutions
Conducted an in-depth analysis of Canada’s affluent population. Evaluated the potential for building a client base among Quebec’s wealthy families. Assessed the advantages and interest of Family Offices for high-net-worth families. Compiled a detailed comparison and benchmarking of existing Family Offices in Quebec. Recommended customized service offerings tailored to the Family Office model.
Impact and outcomes
Proposed the creation of a new associate role to manage the Family Office service line. Defined clear competencies and responsibilities for the future associate. Provided actionable recommendations for optimizing current services to align with the Family Office offering.
