What new skills will Singapore lawyers gain for family offices?

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Singapore Lawyers to Acquire Specialised Family Office Advisory Skills

Singapore lawyers will gain specialised expertise in family office advisory through new training programmes developed in partnership between the Wealth Management Institute (WMI) and the Law Society of Singapore. These programmes, commencing in 2026, are designed to equip legal professionals with the necessary skills to cater to the burgeoning family office sector, addressing a critical need for sophisticated legal guidance in this rapidly expanding industry. The initiative aims to support Singapore's position as a leading hub for wealth management by enhancing the capabilities of its legal practitioners.
Foundation and Advanced Programmes to Cover Key Areas

From 2026, WMI will roll out both Foundation and Advanced programmes. These courses will delve into essential topics including family office governance, comprehensive wealth and succession planning, operational and management strategies, anti-money laundering and compliance protocols, environmental, social, and governance (ESG) considerations, and international tax implications. This curriculum is structured to provide a robust understanding of the multifaceted demands placed upon legal advisors in the family office space.
Expert Oversight for Industry Relevance

To ensure the training programmes are both aligned with industry demands and practically relevant, they will be overseen by an Expert Panel. This panel will include representation from the Law Society of Singapore, guaranteeing that the content reflects current professional standards and the evolving needs of the legal sector in serving high-net-worth families. This collaborative oversight mechanism is crucial for maintaining the quality and applicability of the certification.
Addressing Growing Demand in a Thriving Sector

The introduction of these specialised programmes comes in response to the significant growth of Singapore's family office landscape. By the end of 2024, single-family offices in Singapore exceeded 2,000, a more than fivefold increase from five years prior. This expansion underscores the increasing requirement for lawyers to possess advanced knowledge in areas such as cross-border structures, regulatory compliance, and intricate succession planning, as wealthy families seek more sophisticated legal counsel.

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What new skills will Singapore lawyers gain for family offices?

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