Clifford Chance Herbert Smith Freehills Latham & Watkins Norton Rose Fulbright Can Herbies succeed in Singapore without the QFLP? By Yun Kriegler 3 March 2014 09:58 17 December 2015 11:34 Sign in or register to continue reading. It's FREE Sign in Email Password Keep me logged in Forgot your password? Not registered? It's FREE! Register now Register with The Lawyer Anonymous 3 March 2014 at 10:47 As most lawyers in Singapore know, “local” firms here are still heavily protected. The profits of these firms are all channelled to a few well connected partners, rather than paid to lawyers and junior partners. Hence the lawyers and junior partners leave and join the international firms (where they get paid more) and the well connected partners rake in huge profits (significantly higher than any magic circle partner) and are also the same people participating in decisions about how the market will be liberalised. Good for the legal market and Singapore lawyers and the business environment? No. Good for the lucky few old time partners? You bet. Reply Link Marcus 4 March 2014 at 06:01 Which jurisdiction does not have old time partners trying to protect their earnings and esteemed positions? Mark my words though, the pressure is on Singapore to liberalised. When that happens, the local big firms will be squeezed out or forced to merge with the internationals. Then these top partners will experience being “second class” citizens, and have a good taste of how they treat their juniors! Reply Link Name Email Cancel reply Threaded commenting powered by interconnect/it code.