In Singapore law, a joint law venture (JLV) is a law firm joint venture formed from a constituent local law firm and an offshore counterpart. [1] [2]
The first JLVs were licensed on 10 August 2000. Of the seven partnerships, all but one have since dissolved. The frequent failures of JLVs have led to criticism of the Singapore government's conceptualisation and implementation of the JLV. [3] [4] [5]
Joint Law Venture | Local Firm | Offshore Firm | Year of Dissolution | Ref |
---|---|---|---|---|
Linklaters Allen & Gledhill | Allen & Gledhill | Linklaters | 2012 | [7] |
Freshfields Drew & Napier | Drew & Napier | Freshfields | 2007 | [3] |
Allen & Overy Shook Lin & Bok | Shook Lin & Bok | Allen & Overy | 2009 | [3] |
(Dissolved before operation) | Wong Partnership | Clifford Chance | 2000 | [8] |
Hogan Lovells Lee & Lee | Lee & Lee | Hogan Lovells | Ongoing | [9] |
Orrick Helen Yeo | Helen Yeo & Partners | Orrick Herrington & Sutcliffe | 2003 | [10] |
White & Case Colin Ng | Colin Ng & Partners | White & Case | 2002 | [11] |
Joint Law Venture | Year of Establishment | Ref |
---|---|---|
Mayer Brown PK Wong & Nair | 2022 | [12] |
Simmons & Simmons JWS | 2016 | [13] |
Clyde & Co Clasis | 2013 | [14] |
Duane Morris & Selvam | 2011 | [15] |
Baker Mckenzie Wong & Leow | 2001 | [3] |
Venture capital (VC) is a form of private equity financing provided by firms or funds to startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in terms of number of employees, annual revenue, scale of operations, etc.. Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake. Venture capitalists take on the risk of financing start-ups in the hopes that some of the companies they support will become successful. Because startups face high uncertainty, VC investments have high rates of failure. Start-ups are usually based on an innovative technology or business model and they are often from high technology industries, such as information technology (IT), clean technology or biotechnology.
Linklaters LLP is a British multinational law firm, headquartered in London, England. Founded in 1838, it is one of the five prestigious "Magic Circle" law firms known for their corporate and financial expertise. It currently employs over 3100 lawyers across 31 offices in 21 countries.
Clifford Chance LLP is a British multinational law firm headquartered in London, England, and a member of the "Magic Circle", a group of leading London-based multinational law firms.
"The Magic Circle" is an informal term describing the five most prestigious London-headquartered multinational law firms, which generally outperform the rest of the London law firms on profitability. The term has also been used to describe the most prestigious barristers' chambers in London. All of the 'Magic Circle' law firms and barristers' chambers specialise primarily in corporate law.
Drew & Napier LLC is a Singaporean law firm. Founded in 1889, the firm has more than 500 employees. It is regarded as one of the Big Four law firms in Singapore.
Allens is an international commercial law firm that operates in the Asia-Pacific region.
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The Big Six is a term that has traditionally referred to the six largest Australian law firms, as assessed by revenue and lawyer head count. From the mid-1980s, the phrase was in regular use to distinguish the largest Australian firms, collectively, from their smaller competitors. While informal, it was a widely-used descriptor, appearing in news items, industry commentary and scholarly articles.
Clyde & Co is a global law firm headquartered in London, United Kingdom. The firm is one of the top 10 largest law firms in the City of London and has the largest dispute resolution practice of any UK law firm. It employs 2,600 legal professionals and more than 5,000 total staff. In 2022–23, Clyde & Co's revenue was £788.6 million.
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Rajah & Tann Singapore LLP is a Singaporean law firm with affiliate offices in Cambodia, China, Indonesia, Laos, Malaysia, Myanmar, Philippines, Thailand and Vietnam. Founded in 1976, the firm is regarded as one of the Big Four law firms in Singapore. It is a member firm of Rajah & Tann Asia, a network of law firms in Southeast Asia with over 970 fee earners.
King & Wood Mallesons (KWM) is an international commercial law firm headquartered in Hong Kong. It is the largest international law firm in Asia-Pacific. It has thirty offices and more than 3,500 legal professionals in Europe, North America, Asia and the Middle East.
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Kinstellar is an international law firm operating in Central and Eastern Europe, Turkey and Central Asia. It was formed in 2008 from the Bratislava, Bucharest, Budapest and Prague offices of Linklaters, and has since expanded into Bulgaria, Croatia, Kazakhstan, Serbia, Turkey, Ukraine and Uzbekistan. The firm employs more than 450 lawyers, with a focus on business law in emerging markets.
Allen & Gledhill LLP is a Singaporean law firm with a regional network of associate firms and offices. As the largest of Big Four law firms in Singapore, the firm is a regional market leader in many practices, particularly banking and finance, capital markets, corporate law, M&A law, and other transactional and advisory matters. The firm provides legal services to local companies and MNCs, financial institutions, and individual clients.
In 2019, the top 50 Dutch law firms had around 4,476 attorneys and the top 30 law firms had around 183 notaries and 527 candidate notaries. According to the Chambers and Partners legal directory, the top five law firms in the Netherlands are Allen & Overy Netherlands, De Brauw Blackstone Westbroek, Houthoff, Loyens & Loeff and Stibbe. Every year advocatie.nl publishes a list of the 50 biggest law firms in headcount.
Lee & Lee is a Singaporean law firm founded by Singapore's first Prime Minister Lee Kuan Yew, his wife Kwa Geok Choo, and his brother Dennis Lee Kim Yew.
WongPartnership is a Singaporean law firm. It is regarded as one of the Big Four law firms in Singapore, alongside Allen & Gledhill, Rajah & Tann, and Drew & Napier. In 2021, it was ranked as the second-largest law firm in Singapore by size, with 111 partners and 223 associates.
Shook Lin & Bok is a law firm with offices in Singapore and Malaysia.