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Do Singaporeans Believe in Free Markets (for Lawyers)?

Posted by inspir3d on August 21, 2006

“I agree with the view that the government’s micromanagement of the market for lawyers is doomed to fail. There will always be unforeseeable events that will make any government prediction inaccurate, particularly since it takes several years to train a new lawyer. However, I think that this line of argument is misplaced. The problem is not poor forecasting skill, it is the interference in the market in the first place.” …more (Singapore Economist)


2 Responses to “Do Singaporeans Believe in Free Markets (for Lawyers)?”

  1. The brotherhood said

    Law is very different from the sciences.

    The former is country specific, while the latter is pretty similar right across the board. So we don’t really see how it is possible for foreign lawyers to operate here without first going through the local bar council. This admission criteria will present a host of problems concerning the criteria of elligibility e.g should US attorneys be allowed to practise in Singapore?

    We believe one of the reasons why the bar council fails to correctly project the demand of lawyers in Singapore is because they dont make allowances for other industries which may exert a gravity on legally trained persons. Contract managers and in house attorneys who specialize in a particular field may come under this invisible category.

    To resolve their problem, they should conduct a thorough census to determine, where is the profession heading? It is a great omission on the part of the NUS, they have not even bothered to understand how the legal profession is continually fragmenting into different streams where legally trained professionals are in demand.

    The problem isn’t so much attributable to an apparent numerical shortage of lawyers as the failure of the bar council to really determine where these ppl eventually end up. Or why industries typically appear to absorb those who are legally trained into their business process.

    Unless they study the nexus between the legal profession and businesses, this will always remain a problem.

  2. lau yun tseng said

    Read my article “Lawyers – From professionals to salesmen” on the Malaysian Bar Council website at

    Thank you.

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