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Old 23-06-2022, 10:31 AM
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Originally Posted by Unregistered View Post
Because most disputes dont go to arbitration. Nobody wants to spend millions on legal fees.
Is everyone commenting here just a y1 law student talking out their ass?

Arbitration work is extremely lucrative and is growing at a rapid pace globally. s://globalarbitrationreview.com/review/the-asia-pacific-arbitration-review/2022/article/the-rise-of-arbitration-in-the-asia-pacific

The reason why the international firms here dont have "SG arbitration teams" is because there's no need for it. Arbitration is not jurisdiction specific and the top arbitration teams can practise out of London or NY to anywhere they want. What is also becoming more common is that a client will hire a top international arbitration firm which will prepare the case strategy and do the thinking, but to save on costs they instruct a local firm to run the arbitration itself - conceptually like the SG system where one firm does the research and briefs but instructs a SC from another firm for the hearing, except the costs savings works the other way around.
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