Dispute resolution and international arbitration are fuelling legal hiring in Singapore, and the momentum is likely to continue into 2025.
Data from job portal foundit showed that as of end-September 2024, mediators accounted for 24% of jobs in the legal sector. Hiring in the legal sector rose 28% from a year earlier.
Stefanie Yuen Thio, joint managing partner at TSMP Law Corp., said the firm also reported growth in their dispute and international arbitration practice this year. The firm ranked 12th in terms of the number of legal professionals in Singapore, based on Singapore Business Review's survey.
Agnes Yee, executive director and legal practice lead at Kerry Consulting, attributed the growth in dispute resolution and international arbitration to Singapore's push to become a leading arbitration hub.
Singapore is seeking to establish an International Committee within the Singapore International Commercial Court to strengthen its international dispute resolution capabilities. The court will hear designated appeals and related cases from specified foreign jurisdictions.
This story is from the Issue 110 edition of Singapore Business Review.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the Issue 110 edition of Singapore Business Review.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
All you need is one 'hero' TikTok product
Brands can boost their gross merchandise value with just one best-selling SKU.
Retailers urged to adopt 2D barcodes
The machine-readable symbol gives consumers detailed product info at the point of sale
SingPost brings service closer to commuters
It plans to expand its service touch points.
Xiaohongshu, Taobao could help Singapore brands reach more Chinese clients
Retailers less familiar with the China market could start with Tmall and JD Worldwide.
Decathlon plans to be within 15 minutes of homes
The world's largest sporting goods retailer lets clients pick up online orders on the go.
Chinese fine dining finds its next course in Singapore
The city-state's high spending power and big Chinese commune make it an ideal entry point in the Southeast Asian market.
Hawker centres struggle to dish up meals even with foreign workers
A Singapore plan to allow certain foreigners to work as food assistants in the hawker trade may not translate into a large increase in applicants, given the back-breaking requirements of the job, according to policy experts.
10 best ways to invest in 2025
Analysts are not too worried about the impact of US tariffs.
OCBC triples quantum tech workforce to enhance cybersecurity measures
The Singapore bank expects significant tech advancements in the next five to 10 years.
K-pop craze may spur demand for Income Insurance's hourly travel cover
The Singaporean insurer is targeting spontaneous travellers who love concerts.