JVL struggle over for Baker & McKenzie Singapore

Author: | Published: 1 Nov 2000

While Clifford Chance has suffered a setback, Baker & McKenzie has finally won its own joint law venture licence (JVL). The firm's original application needed to be resubmitted thanks to its dual-partnership system with local entity Wong & Leow which ran foul of the JVL terms.

Lawyers who previously retained equity or profit-sharing status in both firms will now have to align with either...