Law.com, 31b Oct 2008, Sofia Lind
At least six U.K. firms have applied for new liberalized licenses to practice local law in Singapore, including Ashurst, DLA Piper, Herbert Smith and Norton Rose.
Around five licenses are expected be awarded under the system, which goes beyond the current local joint venture model that allows foreign firms to practice local law in restrictive alliances with local firms. Around 20 firms are thought to have applied for the licenses.
Clifford Chance and Allen & Overy -- both of which have local joint ventures -- are also believed to have applied for a license, although both firms declined to comment. A number of U.S. law firms are also known to have applied.
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