Wanted: creative local lawyers
Creative client solutions more important now as business owners look to maximise their money's worth, says Hogan Lovells partner.
CURRENCY woes may have been singled out earlier this year as the key culprit behind international law firm Hogan Lovells' modest growth for its financial year 2015, but in Singapore, it faces a more fundamental problem: talent.
Industry players agree that attracting a good team of lawyers - the DNA makeup of a firm - defines, to a large extent, how well the practice performs.
Currently, Singapore has an employer's market in the legal sector, thanks to an oversupply of young lawyers, that has resulted in lower starting pay and fiercer competition among peers.
That should be a happy problem for Washington, DC-based Hogan Lovells, which set foot here in 1998. But Stephanie Keen, partner…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Gold edges down as Middle East worries ebb
Tesla could start selling Optimus robots by the end of next year, Musk says
Singapore stocks climb at Wednesday’s open; STI up 0.4%
China knockoff raid jolts a global throng of fake-fashion influencers
Singapore-based Amazon execs feel the brunt of job cuts
MPACT posts 1.8% higher Q4 DPU of S$0.0229