Quote:
Originally Posted by Unregistered
Big4 are losing big business to intls!!! Now they are confined to handling local corporate work and the lucrative singapore outbound corp work which they used to handle is increasingly handled by the top intls. Time for wongp and rnt to slowly wind down their corp depts lulzz
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Don't be stupid. Clearly the squeeze is real but they're not going to shut down. At most, there will be consolidation.
Most of the Big 4 still dominate high(er) end local work and should be safe so long as Singapore law work is protected. Even Drew corporate, which is like comparatively less top-tier than the other 3.
It's the unremarkable, crappy, mid-tier local law firms with their subpar service levels and unprofitable partners that should be afraid. Quite a number of these firms shouldn't be around - they should either fold or consolidate for survival. Just a matter of time.