The economy may be slowing, but billing rates continued to rise, according to information provided by 127 law firms that responded to billing musings submitted as part of the NLJ 250, The National Law Journal’s annual survey of the nation’s largest law firms.
Billings climbed by an average of 4.3%, 70.6% of firms increased billings this [...]
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Billing Rates Continue to Rise
Singapore Licenses Six Western Law firms
Singapore has issued licenses for six western law firms to practice.
Previously, foreign firms could only advise clients via a joint venture with a local firm.
The firms receiving the new Qualifying Foreign Law Practice licenses are Clifford Chance, White & Case, Latham & Watkins, Allen & Overy, Norton Rose and Herbert Smith.
Law Minister K. Shanmugam estimated [...]
