London-based Clifford Chance was one of six foreign firms awarded a license in 2008 to practice corporate law in Singapore and the alliance adds to the U.K. firm’s arbitration and regulatory practices in the city, the two firms said in a joint statement today.
Singapore has been liberalizing its legal market and 23 foreign law firms applied for licenses to offer corporate law advice in August. The number of foreign lawyers in the city has almost doubled to 1,200 at the end of 2011 from 633 in 2007.
“The recent steps in the liberalization process taken by the Singapore government further strengthen Singapore’s position as a pre-eminent global legal hub,” Cavenagh’s Managing Partner Harpreet Singh said in the statement.
Cavenagh was founded this year as a disputes boutique with three partners, one counsel and five associates. Its three partners are also partners at Clifford Chance.
Clifford Chance has 35 offices in 25 countries with about 3,400 lawyers. Clifford Chance won approval to open an office in Seoul, South Korea earlier this year and last year it opened offices in Sydney and Perth, West Australia.
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