(including Consulting and Legal Services)
Singapore offers a diverse range of professional services, including audit, human resources, legal, brand consulting, advertising, training and talent management for the region.
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Singapore is strategically located in the heart of Asia, with English as the working language and a highly skilled workforce. Consulting firms are able to tap on the sophisticated base of MNCs that have regional or global headquarters in Singapore, and build up competencies to create solutions for the region.
HR and Management Consulting
Singapore has a vibrant ecosystem of top HR consulting firms and management consulting firms. Being culturally rich and cosmopolitan, Singapore has become a natural place to develop consulting thought leadership for the diverse Asian landscape.
Key HR consulting firms in Singapore include:
- Hay Group established its global centre for its Building Effective Organisations practice in Singapore in 2008. This practice helps companies to manage a range of business issues such as mergers and acquisitions, globalisation and professionalisation of family-owned enterprises.
- Mercer’s Singapore office, established in 1978, functions as its Asia regional hub, from which consultants service clients from all over the region.
- Aon Consulting launched in Singapore in 2008, its inaugural Global Research Centre that specialises in research on human capital issues of concern to the corporate boards and executive management. Aon Consulting tapped on Singapore’s centralised location in Asia for experimentation with innovative management theories and practices that have implications for both the developed and developing economies of the world.
Key Management consulting firms in Singapore include:
- McKinsey & Company launched the McKinsey Innovation Campus (MIC) in Singapore in 2011. The various innovation centres under the MIC include the McKinsey Asia Consumer Centre to synthesise pan-Asian consumer insights, McKinsey Solutions which will deliver analytics tools to companies and governments, as well as the McKinsey Center for Government and the McKinsey Green Campus.
- Boston Consulting Group launched in Singapore in 2012, its first ever Centre for Business Excellence in Asia. This centre centralises thought & practice leadership across various industries. It also houses BCG’s Global Leadership & Talent Enablement Centre, to develop curriculum and programmes that help its clients on pan-Asian talent and leadership.
Over the years, Singapore’s Legal Services sector has transformed into an economic engine in itself and a key enabler for growth in many other sectors of Singapore’s economy.
An evolving, increasingly international, Legal Services sector
Today, Singapore has about 5,000 local lawyers and about 1,200 foreign lawyers, and 40 of the top 100 law firms globally by revenue are in Singapore. Law firms such as Allen & Gledhill, Drew & Napier, Kelvin Chia Partnership, Rajah & Tann, Rodyk & Davidson, and WongPartnership have strong regional practices that cover ASEAN.
In 2008, Singapore’s legal services sector was strengthened by the introduction of the Qualifying Foreign Law Practice (“QFLP”) scheme, through which qualifying foreign law practices can practice in permitted areas of Singapore law. Multinational law firms that have been awarded QFLP licences include Allen & Overy, Clifford Chance, Dunn & Crutcher, Gibson, Jones Day, Latham & Watkins, Linklaters, Norton Rose Fulbright, Sidley Austin as well as White & Case.
Development of arbitration, dispute resolution, and IP in Singapore
Furthermore, Singapore’s status as a centre for arbitration and dispute resolution has been growing in recent years. This was fuelled in part by trade into and between Asian economies and cross-border investment, which created demand for a neutral venue that could provide the suite of dispute resolution services.
In addition to the popularity of the Singapore International Arbitration Centre (SIAC), Singapore is presently the most preferred Asian venue for arbitration handled under the International Chamber of Commerce (ICC) rules, and the fifth most frequently selected seat in the world.1 The establishment of the Singapore International Commercial Court (SICC) and Singapore International Mediation Centre (SIMC) will further strengthen Singapore’s position as a legal services hub in Asia.
Singapore has also developed strong Intellectual Property (IP) arbitration capabilities and manpower expertise across the IP value chain, with the establishment of WIPO’s Arbitration and Mediation Centre in Singapore and the IP Academy of Singapore’s graduate-level and professional training programmes.
Click here to view the list of practice training contracts available.
*Disclaimer - The directory is not exhaustive of the practice training opportunities available in the legal industry at any point of time.
1According to the 2013 ICC Statistical Report, the five most frequently selected seats are Paris, London, Geneva, Zurich and Singapore.