Green light given for Straits Law, K&L Gates Singapore to combine offices

Singapore

SINGAPORE law firm Straits Law Practice LLC and global practice K&L Gates LLP have received approval from the Singapore Legal Services Regulatory Authority to combine K&L Gates' Singapore office with Straits Law, the firms announced on Friday.

The move has been approved under a structure that allows a foreign firm to take up to one third of a local firm's equity and share up to one third of its profits, Straits Law managing director N Sreenivasan told The Business Times.

The combined Singapore law firm will be known as K&L Gates…