Should You Change Your Business Structure?
Should you change your existing business structure from sole-proprietorship or a partnership to a company? A tax professional’s angle. According to the Commissioner of Inland Revenue, Mr Ng Wai Choong, in the current annual report for the financial year ended 31
Managing Legal and Ethical Risks in Cross-Jurisdictional Transactions
Background – The “Panama Papers” Leak In 2016, an anonymous source released 11.5 million client files from what was then the fourth-largest offshore services firm in the world, Mossack Fonseca & Co (a Panamanian law firm), in an incident now known
Cross Country Run 2019
This year, the Annual Law Society Cross-Country Run took place yet again at Bedok Reservoir on 3 August 2019. This was the second year in succession that the run was taking place after a long hiatus.This year’s event saw some
The “New Age” of the Legal Profession
Why Quantitative Skills Matter for Lawyers “Innumerable are the lawyers who explain that they picked law over a technical field because they have a ‘math block’”The Honourable Judge Richard Posner[ref]Infra note 4.[/ref] On 18 June 1964 at about 11:30am, Mrs Juanita Brooks
Exchange Programme with Guangdong Lawyers Association
In 2017, the Law Society of Singapore (LSS) signed a Memorandum of Understanding (MOU) with Guangdong Lawyers Association (GLA) with the aim of strengthening ties, promoting exchange as well as collaborating in mutually beneficial activities. In recent years, Guangzhou (in
Career Counselling: Navigating Your Path in the Legal Profession
Law, as a profession, can be challenging, if not downright stressful - the job is demanding, the hours are long, and the clients may not be the easiest to deal with. During these trying times, you may look at others thriving
Amicus Agony
Dear Amicus Agony,I have been considering whether or not to submit a formal request to my supervising partner for a secondment to a client (whom I potentially see myself working for in the long-term as an alternative to private practice).
A Letter to Young Lawyers
Dear Young Lawyers,The first two to three years of practice have been quite the journey. It is true that being in practice teaches you lessons you never would have learnt in school. In having this opportunity to write this piece
Three Ways Engaging AI Can Streamline Your Legal Practice
Rising Complexities and Opportunity Costs Every year globally, millions of documents pass through the hands of lawyers to build cases for their clients and this only grows over time. According to the Future Ready Lawyer’s Survey which interviewed 700 lawyers across
Amicus Agony
Amicus AgonyDear Amicus Agony,I’m often caught in a dilemma trying to balance my billable and non-billable work. As we work in a pool system in our firm, I can sometimes get billable work from one partner and non-billable work from