Finance:Joint law venture

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Short description: Singaporean law firm entity


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]

History

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]

The first JLVs to be licensed[6]
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]

Current JLVs

This list is incomplete; you can help by expanding it.
List of operating JLVs
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]

References

  1. ↑ Ferguson, Nick (2001). "Jury Still out on Singapore Joint Ventures". International Financial Law Review 20: 78. https://heinonline.org/HOL/Page?handle=hein.journals/intfinr20&id=616&div=&collection=. 
  2. ↑ Smith, Richard G (2012). "Localizing the global through Singapore". Urban studies without 'scale'. Routledge. p. 73. doi:10.4324/9780203870631. ISBN 978-0-203-87063-1. 
  3. ↑ 3.0 3.1 3.2 3.3 Krishnan, Jayanth K. (2010). "The Joint Law Venture: A Pilot Study". Berkeley Journal of International Law. https://www.repository.law.indiana.edu/cgi/viewcontent.cgi?article=1230&context=facpub. 
  4. ↑ "The failure of Singapore's joint venture compromise" (in en). 2002-08-31. https://www.iflr.com/article/2a63q2nfjv59hqtfvc1z4/the-failure-of-singapores-joint-venture-compromise. 
  5. ↑ "Why the Linklaters-Allen & Gledhill Joint Law Venture Has Endured" (in en). https://www.law.com/americanlawyer/almID/1202482655552/. 
  6. ↑ Chettiar, Kamalarajan (October 2000). "Joint Law Ventures and Formal Law Alliances — A New Legal Era". https://v1.lawgazette.com.sg/2000-10/Oct00-focus2.htm. 
  7. ↑ "Linklaters and Allen & Gledhill end Singapore joint venture as A&O talks progress" (in en-gb). https://www.law.com/international-edition/2012/03/13/linklaters-and-allen-gledhill-end-singapore-joint-venture-as-ao-talks-progress/. 
  8. ↑ "Dire Straits for CC in Singapore". International Financial Law Review 19: 3. 2000. https://heinonline.org/HOL/Page?handle=hein.journals/intfinr19&id=669&div=&collection=. 
  9. ↑ "Singapore" (in en). https://www.hoganlovells.com/en/locations/singapore. 
  10. ↑ "Banks fear lawsuits over Singapore circulars" (in en). 2003-05-31. https://www.iflr.com/article/2a63qtzqxp8nsqcqemvpc/banks-fear-lawsuits-over-singapore-circulars. 
  11. ↑ "Rodyks secures merger deal with Orricks' Singapore ally" (in en-gb). https://www.law.com/international-edition/2002/08/07/rodyks-secures-merger-deal-with-orricks-singapore-ally/. 
  12. ↑ "Mayer Brown to enter Joint Law Venture with PK Wong Nair LLC in Singapore | News | Mayer Brown" (in en). https://www.mayerbrown.com/en/news/2022/10/mayer-brown-to-enter-joint-law-venture-with-pk-wong-nair-llc-in-singapore. 
  13. ↑ "Simmons & Simmons". https://www.simmons-simmons.com/en/locations/singapore. 
  14. ↑ "Clyde & Co Clasis Singapore celebrates 10 years of Joint Law Venture with Clasis LLC : Clyde & Co" (in en). https://www.clydeco.com/en/about/news/2023/06/clyde-co-clasis-singapore-celebrates-10-years. 
  15. ↑ "Duane Morris LLP - Offices - Singapore". https://www.duanemorris.com/offices/singapore.html. 



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