Despite jitters over the US targeting of Switzerland’s famously private bankers, the country’s law firms are poised to profit from the resulting surge in regulatory and compliance work, writes Helen Mooney
It is no exaggeration to say that the Swiss financial market – including corporate lawyers – has had the jitters of late. The fall of the private bank Wegelin, coupled with the indictment by the US authorities of former Niederer Kraft & Frey partner Edgar Paltzer, has certainly caused a stir, especially in the banking sector.
