Quote:
Originally Posted by Unregistered
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.
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Doubtful. Even A&G is not asked to quote on the big ticket matters anymore. MCs are matching big4 quotes and even undercutting. No wonder lucien left. Everything is goin downhill