Changing climate – the rising demand for Switzerland's legal advisers
Talk among private client lawyers in Switzerland is that, despite a tightening of rules and regulations over tax and information disclosure, wealthy people are still flocking to the country they see as their go-to hub for legal advice. It cannot be denied that the shock waves created by the Wegelin effect, which saw the Swiss private bank collapse after it pleaded guilty to assisting US customers evade their US tax duties through undisclosed accounts, continue to be felt. Yet Swiss private client lawyers have many reasons to be optimistic about the fact that even the change in regulatory climate in the Swiss industry has created a raft of compliance work.
Sweeping changes to regulatory and tax rules have not stopped people relying on Swiss private banking services and have created more demand for the country’s skilled legal advisers, reports Helen Mooney
This premium content is reserved for
Legal Week Subscribers.
Subscribe today and get 10% off.
A PREMIUM SUBSCRIPTION PROVIDES:
- Trusted insight, news and analysis from the UK and across the globe
- Connections to senior business lawyers within the leading law firms and legal departments
- Unique access to ALM's unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week's UK Top 50 and Global 100 rankings
- The Legal Week Daily News Alert, Editor's Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
- Optimized access on all of your devices: desktop, tablet and mobile
- Complete access to the site's full archive of more than 56,000 articles
Already have an account? Sign In Now
For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651