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Singapore sees increased legal interest
20th February 2012
It is being predicted that the Southeast Asian city-state of Singapore will be the world’s most successful country in terms of expanding legal operations over the course of 2012.
Although Singapore’s desire to attract more outside investment from international legal outfits has been known for some time – the Joint Law Venture and Formal Law Alliance programmes were established as long ago as 2000 - it is this year’s passage of amendments to the republic’s Legal Profession Act that is likely to act as the authorisation for British and other foreign practices to start their expansion proceedings. The new measure will now allow incoming organisations to share in the equity shares and profits of native firms, paving the way for some potentially high-profile mergers.
If the optimistic forecasts are proved correct and current trends continue, then those seeking London lawyer jobs may find themselves posted further afield than they had first anticipated.