The magic circle firm will terminate its alliance with Wong Partnership next spring (30 April).
The upcoming liberalisation of the
CC Singapore managing partner Philip Rapp told Legal Week: “We tried to upgrade our JV to an enhanced JV, but both firms could not agree on strategies going forward. We did not come to an agreement so we decided to part as friends. I stress it has been very amicable.”
The CC-Wong JV has been in place since January 2003, after the City giant abandoned initial plans to tie up with Wong in 2000.
Wong has since grown to around 230 lawyers. CC has 47 lawyers on the ground in
The
At least six City firms have applied to practise local law in
CC is understood to be among firms that have applied, having had a presence in the country since 1981. The firm declined to comment.
Allen & Overy – which has a JV with local firm Shook Lin & Bok - is also understood to have applied.
Linklaters and Lovells have both stated that they were happy with their JVs and have not applied for a license.
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