The Legal industry plays an important role in Singapore’s economy. A strong Legal industry is both an enabler for other sectors of the economy, as well as an economic engine in its own right.
Today, it is estimated that the Legal industry employs more than 12,000 employees, who serve the legal needs of businesses and individuals in Singapore and overseas.
There is an opportunity for the Legal industry to grow by increasing the export of services and seizing opportunities that are available in the region and beyond.
In this regard, the Government will continue to support the development of Legal professionals to ensure that they remain relevant and competitive. Those involved in the management and administration of a law practice should be equipped with the requisite leadership skills, e.g. strategic planning, talent management, which will enable them to lead their firms effectively. Those offering legal services should also be equipped with multi-jurisdictional skills to meet the needs of clients who are demanding more multi-jurisdictional advice and support in the region.