Towry Law, the UK private and corporate wealth advisory firm, is launching a charitable investment initiative called Towry Law Gives Back. The initiative will focus on charitable giving, environmental action and community enrichment.

Through The Towry Law Charitable Trust, which has a capital base of around £1.3 million ($2.27 million), the firm will support local and national charities proposed by its own employees. Initially, these will include 50-60 registered charities, including Cancer Research UK and Macmillan Cancer Support. Towry Law will also contribute to the Charitable Trust annually from its profits.

Towry Law’s environment programme will cover a wide range of initiatives from recycling and working with paper from sustainable sources to reducing its carbon footprint and shaping up by supporting the Government’s cycle to work scheme.

Towry Law’s community enrichment programme will give back to the community, initially by focusing on two key activities: supporting the National Reading and Numeracy programme, in line with the firm's desire to help young people, and supporting local environmental projects.

Andrew Fisher, the firm’s chief executive said: “Our employees, who are also shareholders in our company, are hugely supportive of this initiative. We all hope that the Towry Law Giving Back Programme will have a positive impact in the communities in which we work.”

Towry Law is privately owned and the principal shareholders are Palamon Capital Partners, one of Europe’s largest private equity firms, and Towry Law employees. The firm is based in seven cities around the UK and employs over 650 people.

In August, WealthBriefing reported that the firm was hired by Camelot, the company that runs the UK national lottery, to advise people who win payouts.