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US law firm Butler Snow opens office in Singapore, will focus on estate and tax planning
BUTLER Snow LLP has opened its first office in Asia in Singapore and a virtual office in Hong Kong.
The Singapore office will concentrate on the delivery of US tax and estate planning advice to high net wealth families and family-controlled businesses in South-east Asia, with US business interests. Key markets include Singapore, Malaysia, Indonesia and the Philippines, where the firm has a number of clients already.
The law firm, which boasts of more than 300 practising lawyers and 18 offices throughout the United States and London, said its first Asia office in Singapore establishes the firm's presence amid a growing Asian client base.
"We are especially grateful to the Singapore government and the Attorney General's Chambers for granting Butler Snow a licence to operate," said Butler Snow chairman Donald Clark, Jr.
Butler Snow's partner, Kurt Rademacher, has relocated to Singapore with his family and will head the office here. Two years ago, he and London-based partner Brad Westerfield spearheaded the law firm's expansion to Europe with the opening of a London office.
"We selected Singapore because it is a leading financial hub with a business-friendly environment and offers a strong legal framework. Its position as a convenient gateway to the rest of Asia, where many Butler Snow's clients are located, makes it extremely attractive," Mr Rademacher explained, adding that the firm sees tremendous opportunities and growth as the Foreign Account Tax Compliance Act and the Common Reporting Standard continue to impact the region.
He added that Hong Kong is an important market for Butler Snow and a location in which the firm is looking to establish a more permanent presence in the future.