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  #18468 (permalink)  
Old 08-12-2022, 01:16 AM
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Originally Posted by Unregistered View Post
To a certain extent, these echo the observations here:


Liberalization is the way to go to broaden the sector, create more competitive legal market for both clients and lawyers. Not protectionism.

If the way forward is the absorption or collapse of some unprofitable local firms, even large ones, then so be it.

I predict that at least half of the top 10 largest local firms will either merge with an international, or fold, in the next 5 years. And I mean full financial and partnership merger, not a JLV or FLA arrangement.
Interesting that it was co-authored by the managing partner of Ashurst's Singapore entity (and also a counsel from the japanese firm Mori Hamada & Matsumoto)

Apparently there's a 40-page full version of the article
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