02 Dec 2021

Rajah & Tann and Deloitte, with the support of the Singapore Economic Development Board, unveil insightful publication on the Family Office landscape in Singapore

The publication titled “Family Offices in Singapore”, released in both English and Chinese versions, is one of the most comprehensive publications on Singapore family offices to date.

The proliferation of family offices in Singapore over the past few years does not come as a surprise. As Singapore successfully courts successful global business families looking to take advantage of its well-established wealth management environment, we see a synchronous increase in the number of family offices being established here.

On 30 November 2021, an exclusive launch event for the publication was held online and on Deloitte’s premises in Shanghai for invited guests – many of whom are leading professionals in the private wealth industry.

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The event featured presentations by Mr Dino Tan, Vice President & Head (Family Businesses & Family Offices) from the Singapore Economic Development Board (EDB), as well as renowned private client practitioners Mr Vikna Rajah from Rajah & Tann Singapore LLP and Ms Shantini Ramachandra, Southeast Asia Deloitte Private Tax & Legal Leader, who provided their insights into the significance of family offices and what Singapore’s family office landscape has to offer.

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“Though Covid has brought uncertainty for many, it has also brought opportunities for business families, to think about longer-term issues like succession planning. On EDB’s end, it is not surprising that there had been many conversations with Asian and Western families about setting up of family offices in Singapore.” Said Mr Dino Tan from EDB

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“With Singapore’s continued efforts to develop and enhance the environment for family offices and ultra-high net worth individuals to thrive in, the country has risen to become one of the best places to manage and grow your wealth.” said Mr Vikna Rajah, Head of the Private Client Practice at Rajah & Tann Singapore.

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With strong government support, and a vibrant ecosystem, accompanied by a robust framework of tax incentives and grants, Singapore continues to attract the affluent as a safe place for their wealth. As Singapore continues to reinvigorate and drive the growth of foreign investments and family offices, we, at Deloitte, are committed to providing support to these wealthy families to ensure their security, longevity and prosperity,” said Ms Shantini Ramachandra, Southeast Asia Deloitte Private Tax & Legal Leader.

This was followed by a panel and Q&A session, in which prominent figures in the private wealth industry discussed how Singapore’s existing efforts, supported by new frameworks in the pipeline, have enabled the city-state to gain an edge over Asian counterparts and become one of the most trusted jurisdictions for high net worth individuals to preserve their legacy and grow their wealth.

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We are honoured to have had this invaluable occasion to share the stage and release the publication, while also giving our esteemed guests the opportunity to learn more about the abundance of opportunities that Singapore presents.

For more information on this event please contact:

Deloitte Singapore

Rajah & Tann Singapore LLP

Marie Li

Tel: +65 6800 3717

M: + 65 9847 3503

Email: meijli@deloitte.com

Vionne Tu

Tel: +65 62320150

Email: vionne.tu@rajahtann.com

 

About Rajah & Tann Singapore’s Private Client Practice GroupPrivate Client Practice

Rajah & Tann Singapore is one of the largest full-service law firms in Singapore. Being a full-service firm, Rajah & Tann Singapore can provide a wide range of legal and regulatory services for families, family offices, businesses and investors.As part of Rajah & Tann Singapore’s initiative to provide an extensive suite of tailored services to private clients, it recently launched a microsite for private clients to allow the firm’s Private Client practice group to better engage with them. A Private Client practice Family Office Working Group has also been established to help Chinese families who are keen to build their legacy or to set up family offices in Singapore. Rajah & Tann Singapore will continue to respond to the clients’ specific needs and looks forward to providing a one-stop service for high-net-worth clients.

About Deloitte Private

Around the world, Deloitte Private professionals connect leaders of private enterprises to a network of ideas, knowledge, and experience to help them address their business issues. We understand this unique market, and build relationships based on loyalty, trust, and empathy. Our people draw upon Deloitte’s vast resources and multi-dimensional approach to create personalized solutions and deliver value through every milestone.

19 Nov 2021

Rajah & Tann retains position as the highest ranked Asian law firm for Global Restructuring & Insolvency

Rajah & Tann retains its position as the only Asian law firm to be recognised among the world’s top 20 list of cross-border restructuring and insolvency firms in the 2021 edition of the widely-followed Global Restructuring Review’s GRR 30. This is also the fourth time that the firm has been featured in the prestigious top 30 list of standout firms in the world working on restructuring and insolvency matters.

Patrick Ang, Managing Partner at Rajah & Tann Singapore said: “We are honoured to be acknowledged by GRR once again and to be recognised among leading global law firms for restructuring and insolvency work. This ranking is testament to our commitment in providing the highest standards of legal excellence for our clients.

I am also grateful to my colleagues for their dedication and hard work, as well as to our clients who have placed their trust in us especially during challenging times.”

GRR is a leading UK-based information service website providing cross-border restructuring and insolvency news. The GRR 30 table is a ranking of the standout firms in the GRR 100 where Rajah & Tann was selected based on the size of its restructuring and insolvency team, number of countries served, hours billed, types of clients, the value and volume of cases worked on, and the level of complexity and innovation that was required in individual cases.

Rajah & Tann has been involved in nearly all the major insolvencies and restructurings in Singapore in recent years.

Click here to find out more about our Restructuring & Insolvency practice.

About Rajah & Tann Asia – https://www.rajahtannasia.com/

Rajah & Tann Asia brings together leading law firms in Cambodia, China, Indonesia, Lao PDR, Malaysia, Myanmar, Singapore, Thailand the Philippines and Vietnam, with each offering the highest standards of service to locally-based clients while collectively having the capability to handle the most complex regional and cross-border transactions and to provide excellent legal counsel seamlessly across the region. With over 800 fee earners, all working together towards one shared goal, we are lawyers who know Asia and who give our clients home advantage.

15 Nov 2021

Rajah & Tann Singapore emerges tops among 101 law firms in Singapore, the only firm earning a spot in 16 categories of Straits Times survey

Rajah & Tann Singapore has been voted as the overall best law firm in Singapore, the only firm that has been recognised in all 16 local categories of The Straits Times Best Law Firms 2022 survey.

The survey is jointly conducted by The Straits Times and international market researcher Statista to identify Singapore’s best law firms.

Rajah & Tann Singapore topped the charts as best Singapore law firm in 8 out of the 16 local categories:

The firm was also highly ranked in the categories of:

Patrick Ang, Managing Partner at Rajah & Tann Singapore expressed that the firm is pleased to be acknowledged once again among the finest law firms in Singapore, even during challenging times.

"We are deeply humbled to be listed among the top firms here. This serves as a pat on the back for our lawyers and staff. This year is significant for us as we mark our 45th year and to be the best of the best is like the icing on the cake," comments Mr Ang.

Rajah & Tann Singapore has also been identified by The Straits Times as one of the top five models for charity, pro bono work in legal sector. Ranked second on the list, the firm is listed among top law firms that engage in pro bono and charitable activities.

Over the years, the firm has built a strong partnership of pro bono work with various organisations. Rajah & Tann is the first law firm to set up a charity foundation in Singapore, the Rajah & Tann Foundation, which channels donations to charities in a focused and organised manner.

"We are deeply humbled to be listed among top law firms,” said Rebecca Chew, Deputy Managing Partner of the firm. “This recognition is an acknowledgement and encouragement to our lawyers and staff, who regularly provide hands-on contribution to needy communities such as underprivileged children, the elderly, and disadvantaged groups and individuals.

“As we continue lending our hand to the less fortunate, we hope to leverage our presence in the region and spread our reach to the rest of Asia."

 

About Rajah & Tann Asia – https://www.rajahtannasia.com/

Rajah & Tann Asia brings together leading law firms in Cambodia, China, Indonesia, Lao PDR, Malaysia, Myanmar, Singapore, Thailand the Philippines and Vietnam, with each offering the highest standards of service to locally-based clients while collectively having the capability to handle the most complex regional and cross-border transactions and to provide excellent legal counsel seamlessly across the region. With over 800 fee earners, all working together towards one shared goal, we are lawyers who know Asia and who give our clients home advantage.

05 Nov 2021

Rajah & Tann partners NUS on tech courses for lawyers

Rajah & Tann ("R&T") and the National University of Singapore’s School of Computing ("NUS Computing") have collaborated on a seven-course programme to equip lawyers with the skills to harness disruptive technologies shaping the future of law.

The courses included design thinking, financial technology, application programming interface, robotic process automation, business analytics and blockchain.  

“We are preparing the next generation of lawyers,” said Rajesh Sreenivasan, Head of R&T’s Technology, Media and Telecommunications Practice. “This intensive and substantive training is a major step above courses where lawyers learn basic coding.

“We want our lawyers to rethink legal workflows and to use technology to enable change. This will allow our lawyers to re-engineer legal work and ultimately transform and digitalise practice workflows and client deliverables.”

This is the first time NUS has curated courses for a law firm. Ng Sey Ming, Partner of R&T and a member of the firm’s Exco Technology Sub-Committee said R&T provided inputs for NUS and the result is a suite of courses with practical applications.

“After the training, our legal engineering and innovation team will work with our lawyers to actualise the design and process changes,” said Mr Ng.

A total of 22 R&T participants from the firm's Technology Interest Group completed the training and attended a virtual graduation ceremony today presided by Mr Patrick Ang, Managing Partner of R&T, Prof Keith Carter, Associate Professor at NUS Computing and Programme Director, NUS FinTech Lab at NUS, and Dr Chan Mun Kitt, Senior Director of Advanced Computing for Executives at NUS.

Assoc Prof Carter said: “No field is exempted from the advancements of technology. Clients operate in a 24x7, virtual, digital world  and they expect the same from the legal profession.

“During the programe, the lawyers learned how humans and AI work together and how fintech is the connector that will  improve the workflow for maximum efficiency.”

NUS said they are not ruling out future expansion of the programme to other law firms.

Mr Ng of R&T said the same course could also be used as part of the onboarding process of new lawyers joining R&T. The latest move by R&T to ensure that its lawyers are proficient in the use of technology is in line with a call from Chief Justice Sudaresh Menon, who in a 2019 speech, urged law firms to make such training “a priority” and not see it as an “optional extra.”

About Rajah & Tann Asia – www.rajahtann.com

Rajah & Tann Asia brings together leading law firms in Cambodia, China, Indonesia, Lao PDR, Malaysia, Myanmar, Singapore, Thailand the Philippines and Vietnam, with each offering the highest standards of service to locally-based clients while collectively having the capability to handle the most complex regional and cross-border transactions and to provide excellent legal counsel seamlessly across the region. With over 800 fee earners, all working together towards one shared goal, we are lawyers who know Asia and who give our clients home advantage.