Abraham Vergis quoted in Straits Times on higher numbers of law graduates

As written in Straits Times (‘Law firms cheer prospect of a bigger talent pool’, 21 Aug 2014), Providence Law Asia was featured as a “boutique law practice with six lawyers” in an article highlighting the looming glut of lawyers in Singapore and its future implications for local firms. Providence Law’s managing director Abraham Vergis provided commentary on how the bigger talent pool will impact smaller firms. He said, “One happy consequence of this situation is that small and medium-sized law firms will have access to supply of young talent”. He also noted that there will be a widening range in starting salary between small firms on the one hand and large firms and foreign law firms on the other; he expects that salaries will not fall across the board.