All eyes are on the legal market in Switzerland as the wealthy, lightly regulated country deals with new bank rules, a surge in M&A and even a backlash against immigration. Dominic Carman reports

At the heart of Europe, Swiss lawyers bask in the reflected glory of their dynamic, lightly regulated, low-tax economy – consistently ranked the world’s most competitive, and a good place for multinationals to base their regional headquarters. Characterised by innovative, skilled workers and flexible employment, it also enjoys the highest per capita income of any major country, except Norway.