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Singaporean firm Stamford Law has hired an arbitration partner apiece from international rivals DLA Piper and Clyde & Co, bucking the trend of international firms poaching lawyers from local firms.
DLA Piper partner Justyn Jagger, who was co-chair of the firm’s global arbitration group, and Clydes legal director Timothy Cooke have joined Stamford Law as partner-level foreign legal consultants.
“We’re further strengthening our firm with senior foreign legal talent. With this move, we’re continuing the momentum and entrenching our standing as a force in the dispute resolution and international arbitration space,” said Stamford Law senior director Lee Suet-Fern in statement.
At the same time, the firm has also increased its banking and finance offering with the appointment of director Wong Kee Feng, who previously served as a vice president in legal at Barclays Capital in Singapore.
“These moves are bucking the trend of foreign practices increasing their presence in Singapore and luring talent away from leading Singapore firms. We’re continuing to increase our bench strength and expertise, whilst taking advantage of the region’s continued development as a centre for excellent legal services,” said Lee.
The Singaporean firm currently has17 partner-equivalent directors, two consultants and over 40 lawyers.
In The Lawyer’s Singapore special report several industry observers noted that the gap between Singaporean firms and international firms is closing in terms of working environment, quality of work and compensation. Not only it is harder for international firms to lure lawyers away from local firms but local firms have never been so ready to take on the increasing competition as the country opens up further of its legal services market.