Fenchurch Law, renowned in the UK for its specialised legal services to insurance policyholders and brokers, is expanding its footprint into the international arena with the opening of its inaugural office outside the UK, located in Singapore.
This strategic move is aimed at meeting the legal needs of policyholders and brokers across Singapore and the broader Asia-Pacific region, with a focus on handling complex, high-stakes commercial insurance disputes - a niche the firm has successfully developed in the London market since 2010.
The expansion into the Asia-Pacific region marks a significant milestone for Fenchurch Law, coinciding with the firm's recent transition to an employee-owned structure through the establishment of an employee ownership trust (EOT). This transformative change, which allocated 60 per cent of the firm's equity to its employees, positions Fenchurch Law as a pioneering EOT entity in the Singaporean market.
David Pryce, Managing Partner of the firm, emphasised Fenchurch Law's commitment to bridging the gap between insurance policyholders and their insurers on a global scale.
“As a purpose-driven organisation, our mission is to level the playing field between policyholders and their insurers. This need exists across all insurance markets worldwide, and we are thrilled to take the initial step in advancing our mission internationally with the launch of our Singapore office,” he stated.
With Singapore recognised as a regional hub connecting the insurance and reinsurance sectors of London and Europe, the establishment of a new operational base in the country by an Australian law firm underscores Singapore's importance in the industry's landscape.