Singapore-based boutique firm Collyer Law is making a play for entrepreneurs and startups with the launch of a legal product and service called First Contract and First Counsel, respectively.
“This is our attempt to aid Asian startups and their founders on the journey from the ‘co-working space’ to the global marketplace,” said Azmul Haque, Collyer Law’s managing director, in a statement.
First Contract includes several key documents that all early-stage companies will need, such as incorporation packages, terms and conditions of service, privacy policies, founder/shareholder agreements, employment agreements, and licensing agreements. These are all designed to give startups maximum coverage.
Meanwhile, First Counsel is an insourcing service aimed at deploying a tailored and versatile team of attorneys to cater to every legal need of startups and early-stage businesses, including legal review of customer contracts, transactional support for seed/angel investment rounds of financing, as well as regulatory advice for licenses and product launches.
Collyer’s offerings come as Singapore takes steps towards creating a Silicon Valley of Asia, with the startup scene in the region gaining a total of around $55 billion in venture capital investments in 2015.
“We thought there was a market for experienced startup lawyers who can help at a lower cost. Startups require affordable, cost-effective advice that takes into account their needs and gets them on their feet,” added Haque.
