Singapore opens doors to more foreign law firms
Singapore’s Ministry of Law is set to consider applications from foreign law firms to practice in the country, as part of an effort to liberalise legal services and make Singapore a legal hub in the region.
The first set of licenses, granted to six firms in 2008, permitted Allen & Overy, Clifford Chance, Latham & Watkins, White & Case, Norton Rose, and Herbert Smith to open their doors in Singapore, and the this second round is attracting significant interest from the likes of Jones Day and Watson Farley & Williams.
This time, however, there will be no cap on the number of licenses to be granted. “The number of licenses to be awarded will depend on the quality of applications received for the second round of the QFLP exercise,” said a Ministry of Law spokesperson.
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