Mega-deals are on ice in Switzerland, but the mid-market deal-flow continues apace. Meanwhile, corporate defence work is booming and Russia has captured Swiss lawyers’ attention. Jeffrey White talks to Zurich’s leading lawyers

Switzerland’s commercial lawyers, buoyant with optimism only a year ago amid the growing corporate and private wealth that was pouring into the country, now look ahead with some uncertainty. Private equity deals, a staple of many Zurich practices, dried up at the high end during the latter half of 2007, as transactions that were close to being inked fell apart, victims of shaky investor confidence – or outright bolting.