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International Law Firms Can Now Apply For Local Law Licenses In Singapore |
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Written by Sean Hocking
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UK magazine Legal Week has reported that the Singapore government has kicked off a consultation with international firms to discuss how local practices would work....
We learn that a number of U.K. firms are hope o expand their presence in Singapore by applying for the new licenses to practice local law in the country.
This is what Legal Week Say:
Legal Week has learned that DLA Piper, Lovells, Ashurst, Herbert Smith and Norton Rose are all planning to apply for licenses to provide local-law advice in Singapore. However, Linklaters and Freshfields Bruckhaus Deringer have told Legal Week they have no plans to do so, while Clifford Chance is intending to hold off making a decision until it sees further details from the Singapore government.
The news comes as it emerges that the Singapore government has kicked off a consultation with representatives from international firms to discuss how the local practices would work.
The government is also preparing to send out details to those firms interested in applying for licenses within the next few months, following its December proposals to liberalize the market by granting up to five international firms licenses to hire local lawyers and practice local law.
You can read the full report at the Law.com website |
