Corporate law office – Three key attributes

Corporate law office – Business expansion is on the rage in Singapore and many business ventures are being set up (whether locally or from overseas markets) in Singapore.  As your company grows you would need a good corporate law firm to represent you in your contract review/drafting and negotiation.  This article will highlight three must-have attributes of the corporate law firm that you hire to represent you in your transaction.

#1: Corporate law office :  Familiar with your industry

One should find a corporate lawyer who is familiar with your industry.  This is particularly important for companies who are startups or fintech firms as there are many industry specific terms that will be added into the legal documentation. 

For example, there was a situation whereby a corporate legal team acting for a startup that was more familiar with private equity deals suggested private equity terms for the fund raising round documentation  instead of using venture capital form of legal documentation which should be more suitable for a startup fund raising scenario.

#2: Corporate law office : Able to distill key deal terms quickly

Donald Trump said previously in the “The Art of the Deal” that one of the key things he was impressed by his usual lawyer was that that lawyer was able to figure out the key commercial terms in a transaction quickly at the start of a transaction.

A good corporate lawyer would be able to reduce a transaction into a term sheet to crystalise the key commercial terms of a transaction.  This should be done before any transaction documentation is entered into.

#3: Corporate law office : Have enough years of post-qualifying experience

Some companies like to engage younger lawyers with the hope that their bills will be less heavy on their wallet.  However, a good corporate lawyer should be able to have at least more than 10 years of corporate legal experience in the area of work that your company is in so as to value add to your transaction.

Hiring a corporate lawyer with more experience will be beneficial to your transaction as it gets more and more complex.

In conclusion, we have highlighted 3 important things to note when hiring a corporate lawyer from a corporate law office which are important to a business when they expand.

https://www.SingaporeLegalPractice.com is a corporate law and commercial law educational website headquartered in Singapore which aims to demystify business law and 新加坡商业法 for SME Company Owners, Startup Founders and 新加坡新移民老板。The information provided on this website does not constitute legal advice.  Please obtain specific legal advice from a lawyer before taking any legal action.  Although we try our best to ensure the accuracy of the information on this website, you rely on it at your own risk.  Click here to signup for our newsletter today to be kept updated on the latest legal developments in Singapore.

Click here to speak to a specialist Corporate Law Practitioner today to advise you on your corporate transaction today.  The corporate law team has acted for a diversified client base including transactions involving several hundred startups across the startup eco-system in Singapore and for private equity fund deals and is well placed to help you in your corporate transactions.