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Rajah & Tann launches new practice group to serve startups, SMEs
RAJAH & Tann Singapore has launched a new practice group, Business Fundamentals, to serve startups and small and medium-sized enterprises (SMEs).
The new unit - which will be headed by partner, Jonathan Yuen - aims to provide legal advice in deal-making and dispute resolution as well as strong documentation customised for startups and SMEs.
"While most businesses are aware of the importance of establishing clear documentation and a sound legal framework in their operations, they also face competing demands in managing, marketing and growing their business all at the same time. This new service is therefore designed to counter these pain points by offering a spectrum of growth-stage appropriate solutions to give business owners the desired flexibility to decide on the legal services of their choice," Mr Yuen said.
He added that as the SME's business grows, it can tap into the full suite of legal services that Rajah & Tann Singapore provides and strengthen its documentation and processes, as appropriate.
SMEs make up 99 per cent of Singapore's companies, employ 70 per cent of the country's workforce and contribute 50 per cent of the gross domestic product, according to SPRING Singapore.