Quote:
Originally Posted by Unregistered
LOL? I consider 2 of the local big 4 law firms are in the marina bay side of CBD... the other 2 are closer to raffles place. Anyway, many rumours attack within the big 4 circles ... not sure whether to believe. I think the decline and thinning profit margin is real. Whether it is to the extent of not being able to pay rent in MBFC or whatever building sounds too far fetched to me.
|
To be honest i think its no big secret. There's no need to be so secretive.
WongP and A&G are Marina Bay area. Drew and R&T are at Raffles Place area.
There will always be a market for Big 4 firms.
They have a goodwill and reputation in the market. they are the firms that companies will turn to when they need to complete a mega merger or fight a bet-the-company lawsuit.
despite the downward pressure in fees, these firms will endure. sure they may shed a few non-performing partners and layoff a few associates, but they will survive.
it is the midsize firms that need to be very afraid