UK and US firms win Singapore licences

  • Print
  • Comments (2)

Readers' comments (2)

  • Just another interim step

    If you look at the law firms which were not among the 6, such as Links, O'Melveny, Jones Day, DLA Piper, it becomes clear that the QFLP program is not the be-all, end-all for the liberalization of the Singapore market. That will happen when Singapore finally embraces the HK model and realizes that their lawyers have achieved sufficient quality at a much cheaper cost structure to compete against the offshore firms. It would have been much better to bite the bullet, allow full liberalization and unleash the potential of the young, talented crop of Singapore lawyers stuck in their anachronistic Asian-style leverage schemes. They don't need protection, and the increased number of foreign lawyers operating in SG will inevitably convince the SG law firms and their clients as such. Until then, we will have another 5 years of this interim, halfway approach.

    Unsuitable or offensive? Report this comment

  • Agreed

    I have to agree with you although the government itself said that it was something of an interim step - they just didn't say interim to what. They planned to give out about 5 licenses so they could not include everyone at this point. Also, they made it very clear that non-Singapore firms will never get to practice in the courtrooms (criminal law, litigation, family law and conveyancing).

    p.s. I had to look up O'Melveny - I didn't even realize they slid into Singapore.

    Unsuitable or offensive? Report this comment

Have your say

Mandatory Required Fields

Mandatory

Comments that are in breach or potential breach of our terms and conditions in particular clause 8, may not be published or, if published, may subsequently be taken down. In addition we may remove any comment where a complaint is made in respect of it. These actions are at our sole discretion.

  • Print
  • Comments (2)