The firm declined to comment further, though a source briefed on the matter confirmed that White & Case’s plans no longer included a merger with the 10-lawyer Venture Law.
The two firms had been in a formal alliance since 2003. Until December, such alliances and joint ventures were the only means through which international firms could practice Singapore law. Prior to its arrangement with 10-lawyer Venture Law, White & Case had participated in a short-lived joint venture with another local firm, Colin Ng & Partners.
Other foreign firms, including Orrick Herrington & Sutcliffe, Shearman & Sterling and Freshfields, also pulled out of Singapore joint ventures, and the Singapore government last year introduced its liberalized Qualified Foreign Law Practice regime partly in response to their complaints.