60-second interview with…

 

 

Paraic Madigan TEP, STEP member since 1996

 

Why did you join STEP?

I joined, shortly after qualifying as a solicitor, to develop my career in private client, in which I was then specialising.

What does being a member mean to you/your organisation?

STEP is a very important organisation for the representation and professional contacts it provides. In Ireland, the most significant achievements of STEP are in the educational field, including the STEP Diploma developed with the Law Society, which has become the principal route to membership for interested professionals, and the wider STEP educational programme.

What was the last STEP event you attended and how was it?

It was a meeting to discuss a STEP submission in response to the Irish government consultation on our residence rules and related matters. It was a wide-ranging review of relevant issues, from which priorities and action points were developed.

What are the main challenges facing your organisation/practitioners at the moment?

For clients affected by the economic downturn in Ireland, the challenge has been on advising them in difficult and quite uncertain circumstances. Thankfully, much of our work is for clients not affected by the difficulties in the Irish economy and their requirements are different and more varied.

How will you deal with these challenges?

Clients in challenging circumstances invariably require more time from senior advisors to assist with their complex issues.

What’s the best piece of advice you’ve been given?

Always be prepared to learn from colleagues.

What’s been your career highlight?

I acted for trustees in a successful challenge to a discretionary trust levy, resulting in a helpful change of law in 2006. Unfortunately, the changes were all reversed in recent legislation.

What do you do in your spare time?

I spend my spare time with my family and enjoy following Munster rugby.

What’s the best book you have read this year?

Civilisation by Niall Ferguson.

 

Paraic Madigan TEP is Head of Private Client in Matheson Ormsby Prentice, Dublin, Ireland. The firm has an internationally active private client business. Paraic is a member of the International Academy of Estate and Trust Law. He was an active member of the STEP Ireland Committee and served two years as chair. Paraic recently joined STEP’s Council.

 

Would you like to be interviewed? Email [email protected]

Article posted 10 September 2012


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