You know the economy is slowing when insolvency, litigation and dispute work starts streaming in to law firms.
That is certainly the case at Big Four law firm Rajah & Tann, whose lawyers in these areas are the busiest at the company these days.
Mr Chia Kim Huat, Rajah & Tann’s regional head of corporate and transactional practice, told The Straits Times: “While there may be a decline in some areas of corporate legal work, our insolvency, restructuring and litigation practice has been very busy.
“Due to the economic slowdown, contracting parties are finding excuses to delay or deny payment, especially for variation orders.
“We expect more disputes around this issue.”
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LEGAL SERVICES
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Contribution to gross domestic…
Read the full article at: http://www.straitstimes.com/business/law-firms-can-smell-a-slowdown-from-the-work-flow