MACO -Lawyering as a Service (LaaS)?

MACO - Lawyering as a Service (LaaS)? Article By Lim Seng Siew This article was first published by OTP Law Corporation. The lawyer of yesteryears is trained to analyse a legal problem with a client and to come up with the best possible solution in the circumstances. Yes, there will be constraints of time and resources and the solution takes these into consideration. Because lawyering of the yesteryears is effort-intensive, it is expensive. That age of expensive lawyering is coming to an end for most legal situations. Sure, the top-end of legal work will still require such in-depth analysis. But for most consumers of legal services, this will be an overkill. “80% is good enough” I am told. The End…

0 Comments

The Life Cycle of A Start-Up: From Cradle to Grave (Part 2)

the life cycle of a start-up: from cradle to grave (part 2) By PracticeForte Advisory Affiliate Lim Seng Siew, Director of OTP Law Corporation In the first part of this series of articles we had discussed the birth of a start-up.  In this second part, we discuss the next steps in the growth of a start-up.This article was first published on www.otp.sg Taking the First Baby StepsSo you have incorporated your start-up. The founders’ equity has been sorted out. Funds have been raised from family and friends. What next?You need to engage external contractors and hire employees. Dealing with employees first.EmployeesAn employment letter is actually a contract in letter form between the start-up and the employee. In fact Singapore’s Employment Act…

Comments Off on The Life Cycle of A Start-Up: From Cradle to Grave (Part 2)

The Life Cycle Of A Start-Up: From Cradle To Grave (Part 1)

The Life Cycle Of A Start-Up: From Cradle To Grave (Part 1) Article by: Lim Seng Siew of OTP Law Corporation This articles was first published on www.otp.sg The Start-up and the LawyerThe life journey of a start-up is fraught with much uncertainties. Where is the next round of funding coming from? How do I make sure that I am complying with the law when I employ my first employees? Is the area of business that I want to get into regulated? Am I fair to my new investors without being unfair to my employees and my initial investors? In a series of articles, we hope to help you answer some of these and other questions. As a start-up, we understand that cash is often…

Comments Off on The Life Cycle Of A Start-Up: From Cradle To Grave (Part 1)

Working from Home – 5 Doable Steps to Protecting Confidential Data

Working from Home - 5 Doable Steps to Protecting Confidential Data Article is written by Chloe Chua, an incoming trainee of OTP Law Corporation. This article was first published on OTP Law Corporation's website. Working from home is now part of a new normal in the midst of the COVID-19 pandemic. While we adjust to this change in environment, it is important that we consider how best to ensure the privacy of confidential work data. Section 24 of the Privacy and Data Protection Act in Singapore requires an organisation to make reasonable security arrangements to protect personal data in its possession or under its control in order to prevent unauthorised access, collection, use, disclosure, copying, modification, disposal or similar risks.…

0 Comments

Working Remotely – What Do I Need to Do?

Working Remotely – What Do I Need to Do? Article by Lim Seng Siew of OTP Law Corporation. This article was first published in The Law Gazette - LAW IN THE TIME OF COVID, PRACTICE MATTERS, May 2020. With the issuance of the Infectious Diseases (Workplace Measures to Prevent Spread of COVID-19) Regulations 2020, gazetted on 1 April 2020, working remotely is no longer a luxury or optional benefit. It is now a requirement and is likely to remain the “new abnormal’ for the foreseeable future. Many government services are already geared towards working remotely. Singapore Land Authority, Accounting and Corporate Regulatory Authority and the Judiciary all have web-based solutions for most, if not all, of their services. Legal research…

0 Comments