Taylor Wessing Ends Singapore Alliance
The two firms have chosen "a collaborative relationship in place of our formal links".
January 24, 2020 at 04:29 AM
2 minute read
Singapore
U.K. top 50 firm Taylor Wessing has ended its formal alliance with Singapore law firm RHTLaw after a near nine-year relationship.
In a joint statement, the two firms said that the decision to call time on the alliance would "enable both businesses to pursue longer term objectives in accordance with their respective strategies".
The two firms initially formed an alliance in 2011, which was then formalised in the following year when RHTLaw joined Taylor Wessing to become RHTLaw Taylor Wessing.
In a statement, the two firms commented: "After eight years, we have decided to move towards a collaborative relationship in place of our formal links to enable both businesses to pursue longer term objectives in accordance with their respective strategies.
"We both have clear strategies – Taylor Wessing is focused on developing its sector strength in the region's tech and financial hubs; and RHTLaw is building its Asia-focused network in new jurisdictions beyond Singapore, together with a suite of complementary businesses."
"This move will enable us both to focus on growth in line with our clients' needs, while continuing to work closely where our offerings are complementary and beneficial for clients."
Last year, Taylor Wessing formed an alliance with U.S. firm Wilson Sonsini Goodrich & Rosati to jointly market their services to clients in the life sciences and technology sectors.
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