Adi Law tops investment funds field in its debut while Rajah & Tann maintains its top position.
Adi Law, a boutique law firm, has made a remarkable debut in the ST-Statista Singapore’s Best Law Firms ranking, securing the top spot in the investment funds category. The firm attributes its success to its deep technical expertise and a focus on knowledge-building rather than on aggressive marketing or expansion. Amit Dhume, the managing director of Adi Law, expressed his humility at the recognition, stating, “We are humbled that Adi Law has topped the list for investment funds legal practice in our debut entry.”
Rajah & Tann, on the other hand, remained the top law firm in the rankings for a record fourth consecutive year. The firm maintained its leadership across eight different fields of legal practice. Allen & Gledhill secured second place, followed by Drew & Napier, which moved up from fourth place in 2023.
This year’s ranking, which was part of the fifth edition of the survey by The Straits Times and Statista, saw the inclusion of a new category: ESG (environmental, social, and governance). The rankings were based on over 12,000 recommendations from a diverse pool of 5,966 participants, including lawyers, in-house counsel, clients, and other related professionals.
Adi Law was one of nine firms to make it to the Best Law Firms list for the first time since the survey began in 2020. Other first-time entrants include Attorneys Inc, Fortress Law Corporation, and Kertar & Sandhu. Simon Tan, managing director of Attorneys Inc, whose firm specializes in real estate and litigation, expressed pride in the achievement, highlighting the firm’s commitment to improving its service.
For Adi Law, being a small firm has its advantages. Amit Dhume emphasized that smaller firms like his can act quickly, seize opportunities, and avoid the bureaucratic hurdles often found in larger firms. This agility allows them to offer efficient, innovative solutions to clients, particularly in the fund management and investment sectors. He also noted that leveraging technology, including modern practice management software and support from Singapore’s Productivity Solutions Grant, has been key to reducing operating costs.
Overall, the survey underscores the growing interest and participation in the legal sector, with a 75% recommendation rate from clients, indicating strong satisfaction with legal services provided by firms across various practices.
