Corporate lawyer consultation: Business in Singapore always runs and on a daily basis new deals are forged. In this article, we will set out three key things you need to note when getting a corporate lawyer consultation in Singapore.
#1: Whether the first corporate lawyer consultation meeting is free or will be chargeable
When first making a corporate lawyer consultation, do check with the corporate law firm whether the first consultation will be chargeable and how much time do they have for your meeting. Some law firms will charge for their time for the first meeting while others may only charge for work to be done after the first meeting. So do ask first before arranging for your meeting with the law firm. To a law firm, time is important so please try to respect their time.
#2: Generate a list of questions for the corporate lawyer consultation to save time
Before arranging for a meeting, we would suggest that you gather all the background information for your transaction so that you can help the corporate lawyer save time when meeting you. You should also generate a list of questions and the key commercial points for your proposed transaction.
#3: To see if the law firm is conflicted from acting for you
Most medium to large law firms in Singapore act for financial institutions and some others act for government ministries and statutory boards. Accordingly, depending on your particular transaction, if your transaction counterparty is any of these, the medium to large law firm may be conflicted from acting for you. Companies that may fall into this category may include, fintech firms that are entering into joint ventures with other financial institutions in Singapore. So you may wish to check with the law firm to do a conflict search before acting for your particular transaction (if necessary).
In conclusion, getting a corporate lawyer consultation may be the easy bit but how to make the best use of your time with the corporate law firm is key. All the best to your future business ventures.
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.
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