​Singapore renews five QFLP licences as Herbert Smith Freehills opts out

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  • Does this mean Herbies hasn't made any progress on the initial promises it made when it started out in Singapore? Will it really have any impact on how the firm is growing in Asia?

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  • Only five Singaporean lawyers after five years operating as QFLP? No wonder Herbies failed to get a renewal.

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  • Well providing Singaporean law advice is just not profitable. There are too many Singaporean law firms who can provide the same kind of service but at a much lower rate.

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  • To the first comment, the firm has not been growing in Singapore, legacy Herbies had a very strong franchise but inherited a veritable bag of trash in legacy Freehills. It has been jettisoning the rubbish as fast as possible, with now one just legacy Freehills partner Simon Taskunas remaining and doubtless being closely watched.

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