It’s been a few years since our commercial team has summarised their year that was, and we don’t want you to think we’ve been twiddling our thumbs while the corporate team had a record year.
Like every business, we had fears that COVID would slow both us and our clients down. But putting aside the amount of time we spent on Zoom and Teams meetings, that’s not what the stats suggest. It’s great to know our clients were still getting deals done despite lockdowns and this massive global event. Our commercial team worked on around 700 contracts, which represents a 17% increase from the last time we reported.
Our Singapore office has helped (although not exclusively) with this growth. While our practice there has been focussed on venture capital work, our SE Asian clients are increasingly seeking our help on their other commercial deals.
Here are some trends we’ve noticed from 2020 (and these trends are consistent with what we saw when we last reported):
But like you all, the impact of COVID (and other events outside our clients’ control) was never far from our thoughts. We’ve spent a lot of time advising clients on force majeure, frustration, disaster recovery, and business continuity. And that has included some interesting and rewarding jobs, such as:
2021 has started with a hiss and a roar. We look forward to providing you with team updates soon.
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