The legal landscape in Singapore is currently developing at a rapid rate. The city is becoming a much more attractive legal market to practise in because of the increased number of international law firms here and the ever increasing number of lawyers relocating from overseas. This presents strong opportunities for local lawyers in Singapore. In this article, Tessa Arquilliere discusses the benefits for lawyers in Singapore to consider a move from a domestic law firm to an international firm.
According to the latest statistics, there are approximately 4,900 lawyers practising in Singapore, of which around 20% are foreign qualified. Despite this, many of our international law firm clients in Singapore struggle to hire the right talent on the ground in Singapore for certain niche practice areas such as shipping finance or corporate crime for example. While their preference is always to hire lawyers already located in the city, they are often forced to look overseas in order to find lawyers with the required technical skillset.
Local lawyers with local knowledge and expertise, especially experience gained from top Singaporean law firms, are invaluable to international law firms. For lawyers at these firms there are a number of advantages to making a move from a local law firm to an international practice: