Who’s Who Legal recently visited Singapore to take a closer look at the Singaporean legal market and conduct interviews with the leading international, national and specialist firms to see what changes are taking place and what impact the latest developments are having on the country’s legal market resulting in the following exclusive report.
"With the market filling up fast, competition is fierce, and firms must hone their Singapore strategy to differentiate themselves in the market."
Inspired by our recent research into the market, we single out four highly regarded national firms and 15 leading international and specialist firms who are considered the most significant players in the Singaporean legal market based on feedback from thousands of private practitioners and in-house counsel around the world.
Rajah & Tann | Allen & Gledhill | Drew & Napier | WongPartnership | Clifford Chance | Bird & Bird | Dentons Rodyk | Withers KhattarWong | Norton Rose Fulbright | Ashurst | Morgan Lewis Stamford | Latham & Watkins | Clayton Utz | Freshfields Bruckhaus Deringer | Holman Fenwick Willan | Walkers | Herbert Smith Freehills | King & Spalding | Pinsent Masons MPillay
While the global construction industry is beginning to gain pace once more, the after-shocks of the global financial crisis are still being felt by the law firms and practitioners tending to the industry. Cost-conscious, sophisticated clients are the new norm, challenging the legal market to adapt to their needs for globalised advice and price certainty.
In our most comprehensive research to date, 103 leading expert witnesses are identified from 55 firms across 11 jurisdictions. Several firms achieve a high number of listings including international construction consulting firm Hill International which is represented by 17 experts across Europe, Asia, the US and the Middle East. Top-tier consulting firms Navigant and FTI Consulting also feature prominently in this year’s results highlighting the sophisticated market of expert witnesses providing testimony in the ever-burgeoning number of construction disputes.
This edition lists 685 practitioners – all leaders in the field of construction law – from 369 firms across 56 countries. Pinsent Masons tops our research once again, boasting 26 listings, including impressive candidates across the UK, Middle East and the Asia Pacific region. Several firms stand out in the US, including the pre-eminent construction firm Peckar & Abramson as well as full-service firm Pillsbury Winthrop Shaw Pittman. Keating Chambers once again impresses in this year’s research with 19 listings, demonstrating the high quality of the UK bar.
The main challenge affecting product liability lawyers today is cost. Clients on both sides of the bar remain conscious of legal fees, with the lack of available funding hitting parts of the plaintiff bar hard and changing the way in which cases are put together and handled. New technology liabilities have been identified as the next big source of work: it’s not known exactly how cases involving 3D printers and driverless cars will be handled. Medical device and pharma cases are still a steady source of work, while regulatory lawyers have seen an increase in compliance-based work. Many of the issues that affected the sector last year are still present, and the addition of new trends in the coming year is likely to see practitioners enjoying an active market.
This year 520 practitioners are recognised from 251 firms across 36 countries.
The project finance space continues to diversify, as companies and firms alike look for ways to navigate the current landscape. Among other issues, 2015 saw practitioners tackle the aftermath of the drop in oil prices and a subsequent need to broaden their practices. The field has also been dominated by limited access to funding for projects, with companies relieving this pressure by looking to alternative sources of financing. Despite these challenges, the past year has witnessed an uptick in the number of renewable energy and infrastructure projects internationally, with global investment in renewable energy at $286 billion in 2015 – indicating a positive future for the market.
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