Foreign law firms pose challenge for locals
(SINGAPORE) The six foreign law firms granted licences to practise Singapore law - the biggest liberalisation so far of the traditionally protected industry - have quietly started operations here ahead of the July deadline. But their entry couldn't have come at a worst time for local law firms which, like many of their clients, are reeling from the global recession.
For more, see http://www.businesstimes.com.sg/sub/news/story/0,4574,338523,00.html?
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