Professional services shore up staffing as insolvency cases loom amid virus outbreak

Singapore

AS MORE businesses buckle under strain amid the virus outbreak, some firms in the professional services are boosting their restructuring and insolvency (R&I) practice with more aggressive hiring.

Firms offering legal, auditing and consulting services told The Business Times that they have seen a spike in queries relating to R&I in recent months, and are looking at hiring more to deal with cases of businesses winding up.

There are also firms rejigging their resources internally, having younger associates from less busy practices to adjust and adapt to this heavier portfolio.

Some of these hiring plans have already been in the works since last year, given the …

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