Singapore to License More Foreign Law Firms as Fees Fall

Singapore, where the number of foreign lawyers has doubled in the last four years after opening its legal market to foreign firms, will award a second round of licenses by next year, Law Minister K. Shanmugam said.

Firms can apply in the second half of 2012, with the process to be completed by early next year, he said in an interview yesterday. The first round of liberalization has done “better than we could have expected,” he said.