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Non-lawyer employees can now have a stake in their law firms

Thursday, November 19, 2015 - 05:50

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"We are no longer limited or constrained by traditional partnership structures. Non-lawyer employees can now own a minority share in a law firm." - Thio Shen Yi, president of the Law Society of Singapore, says law firms will now enjoy far more flexibility in the way they structure themselves

Singapore

FOR the first time in Singapore's history, non-lawyer employees of law firms can now become partners, directors or shareholders in, and share in the profits of the firms they work for, with amendments to the Legal Profession Act taking effect on Wednesday.

Law firms have

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