Joint law venture explained

In Singapore law, a joint law venture (JLV) is a law firm joint venture formed from a constituent local law firm and an offshore counterpart.^{[1] [2]}

History

The first JLVs were licensed on 10 August 2000. Of the seven partnerships, all but one have since dissolved. The frequent failures of JLVs have led to criticism of the Singapore government's conceptualisation and implementation of the JLV.^{[3] [4] [5]}

The first JLVs to be licensed^[6] !Joint Law Venture!Local Firm!Offshore Firm!Year of Dissolution!Ref

Linklaters Allen & Gledhill	Allen & Gledhill	Linklaters	2012	^[7]
Freshfields Drew & Napier	Drew & Napier	Freshfields	2007
Allen & Overy Shook Lin & Bok	Shook Lin & Bok	Allen & Overy	2009
(Dissolved before operation)	Wong Partnership	Clifford Chance	2000	^[8]
Hogan Lovells Lee & Lee	Lee & Lee	Hogan Lovells	Ongoing	^[9]
Orrick Helen Yeo	Helen Yeo & Partners	Orrick Herrington & Sutcliffe	2003	^[10]
White & Case Colin Ng	Colin Ng & Partners	White & Case	2002	^[11]

Current JLVs

List of operating JLVs!Joint Law Venture!Year of Establishment!Ref

Mayer Brown PK Wong & Nair	2022	^[12]
Simmons & Simmons JWS	2016	^[13]
Clyde & Co Clasis	2013	^[14]
Duane Morris & Selvam	2011	^[15]
Baker Mckenzie Wong & Leow	2001

Notes and References

1. Ferguson . Nick . 2001 . Jury Still out on Singapore Joint Ventures . International Financial Law Review . 20 . 78.
2. Book: Smith, Richard G . Ignacio . Thomas . Farías . Bender . Urban studies without 'scale' . . 2012 . 978-0-203-87063-1 . 73 . Localizing the global through Singapore . 10.4324/9780203870631.
3. Krishnan . Jayanth K. . 2010 . The Joint Law Venture: A Pilot Study . Berkeley Journal of International Law.
4. Web site: 2002-08-31 . The failure of Singapore's joint venture compromise . 2023-08-03 . IFLR . en.
5. Web site: Why the Linklaters-Allen & Gledhill Joint Law Venture Has Endured . 2023-08-03 . The American Lawyer . en.
6. Web site: Chettiar . Kamalarajan . October 2000 . Joint Law Ventures and Formal Law Alliances — A New Legal Era . Singapore Law Gazette.
7. Web site: Linklaters and Allen & Gledhill end Singapore joint venture as A&O talks progress . 2023-08-04 . Law.com International . en-gb.
8. 2000 . Dire Straits for CC in Singapore . International Financial Law Review . 19 . 3.
9. Web site: Singapore . 2023-08-04 . www.hoganlovells.com . en.
10. Web site: 2003-05-31 . Banks fear lawsuits over Singapore circulars . 2023-08-03 . IFLR . en.
11. Web site: Rodyks secures merger deal with Orricks' Singapore ally . 2023-08-03 . Law.com International . en-gb.
12. Web site: Mayer Brown to enter Joint Law Venture with PK Wong Nair LLC in Singapore News Mayer Brown . 2023-08-04 . www.mayerbrown.com . en.
13. Web site: Simmons & Simmons . 2023-08-03 . www.simmons-simmons.com.
14. Web site: Clyde & Co Clasis Singapore celebrates 10 years of Joint Law Venture with Clasis LLC : Clyde & Co . 2023-08-03 . www.clydeco.com . en.
15. Web site: Duane Morris LLP - Offices - Singapore . 2023-08-03 . www.duanemorris.com.
16. Web site: About us . 2024-08-05 . Virtus law.