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Between March and May 2015, over 4,700 corporate counsel were interviewed. Their responses have created the world’s largest legal market survey analysing the pressures, concerns and future demands of GCs.

Here we present an overview of the findings of the Swiss market. For more information on the survey please visit

The Legal 500’s GC Powerlist publication has recognised corporate counsel who are driving the Swiss legal business forward. With achievements ranging from facilitating major transactions to leading operational change, general counsel in Switzerland have impressed with their decision making and commercial drive. 

Firms in the spotlight

Bär & Karrer AG

Bär & Karrer is a leading Swiss law firm with more than 150 lawyers in Zurich, Geneva, Lugano and Zug. Our core business is advising our clients on innovative and complex transactions and representing them in litigation, arbitration and regulatory proceedings. Our clients range from multinational corporations to private individuals in Switzerland and around the world.

The stand-out lawyers from our GC Powerlist research have taken their companies and their profession to new heights, but some of their peers have not had quite as much joy.

The 2015 Client Intelligence Report gained feedback from 4,700 legal professions and clients, to provide a comprehensive picture of the legal market, from in-house teams to private practice firms, investigating service delivery from both sides of the fence.

With feedback from over 300 legal professionals with responsibility for Switzerland, across the full spectrum of the business world, the Client Intelligence Report has been able to offer further insight into the in-house legal market in the country.

Essential business alignment

The outlook for Switzerland’s in-house legal market is somewhat ambiguous. On the one hand, post 2008, an abundance of multinational companies have begun to choose Switzerland as a home to their international operations. There has been an exponential growth of the number of in-house legal divisions appearing within these organisations making Switzerland a key European hub for legal departments. On the other hand, the inherently hierarchical business culture in Switzerland, with a clear preference for formal communication lines between business units and employees, makes it somewhat difficult for Swiss in-house lawyers (particularly those in junior level positions) to effectively interact with their business counterparts and demonstrate commercial value.
Our research has revealed that has been a significant change on that front, with a staggering 85.5% of our survey participants stating that their legal team has deepened its interaction with the rest of their business within the last 12 months. It is worth noting that the increase is slightly lower than the rest of Europe and some other regions (US, Asia, etc.), but is still highly significant in absolute terms.

This deepening in interaction can partially be attributed to changes in regulation. As the regulatory landscape evolves and certain businesses get squeezed with regulations taking hold, the role of the lawyer as a trusted adviser has a growing significance. Different teams and functions, including Finance, Treasury and Risk Management among others, have to proactively work with the Legal department on a daily basis to solve certain compliance issues.

This effect is particularly strong in Diversified Financials, Banks, Industrials and Food, Beverages & Tobacco, due to the traditional susceptibility of these sectors to changing compliance requirements. An interesting trend has also been that a noticeably higher proportion of legal teams in large multinational corporations have experienced increased interaction in the past year, in comparison to their counterparts working in smaller enterprises (those with revenues below $1 billion).

The somewhat traditional perception of the in-house lawyer as a support function is reflected by the relatively low (in comparison to other countries in Europe) proportion of in-house lawyers that are part of senior management structure of their companies. Only a small proportion of Swiss lawyers in our research sample are part of the management structure or executive committee, compared to 40.4% in the rest of Europe. This points to a slightly lower level of integration of in-house lawyers with their business, and hence a lower level influence on strategic decision making. Still, that level of influence is quite significant, as illustrated by the impressive impact of general counsel in our GC Powerlist on their respective organisations.

1. Has your legal team increased its interaction with the rest of the business over the past year?

2. What form does your interaction with company management typically take?

Burgeoning responsibilities

As the legal regulatory environment is becoming increasingly complex every year, compliance is growing in importance within Swiss businesses. The unpredictable nature of future regulation has led to further concerns about how to manage compliance-related risks in the face of changing rules and requirements. This has led to an increasing number of in-house legal teams in Switzerland gaining responsibilities for compliance work. That said, the effect is milder in Switzerland than the rest of Europe, perhaps due to less of exposure to the tighter regulatory demands in the EU.

3. What are your main areas of responsibility?

This growing overlap between compliance and legal in Switzerland is captured by a high amount of lawyers responsible for regulatory functions in the GC Powerlist. Lawyers in the Powerlist have been responsible for training and setting up competent compliance teams, as well as introducing innovative compliance structures.

The Client Intelligence Report has also demonstrated that as well as compliance, a significant amount of legal teams in Switzerland have gained responsibilities for governance, risk management and secretarial work, with the amount of lawyers gaining responsibilities for secretarial work slightly higher than the rest of continental Europe.

4. What is the nature of the advice you offer your company?

Smaller enterprises with revenues below $1 billion tend to have more lawyers that are gaining responsibilities for compliance issues, while larger enterprises have a higher proportion of lawyers that have become responsible for secretarial work. Privacy and data security is another area of focus for lawyers working at small companies, while a disproportionately high amount of lawyers have gained responsibilities for compliance in the energy sector.

Multi-functional Swiss army knife

Another trend captured by the Client Intelligence Report sees the in-house function no longer operating just as a legal department in the ‘classic’ sense; a department that would just work on contracts or legal clauses, without trying to understand the products behind them. In-house lawyers are expected to spot issues within both commercial and other operational functions. They do not provide isolated legal services and are part of decision making, establishing partnerships across the company that increase the efficiency and safety of the whole company.

5. What are your main areas of responsibility?

The graph above clearly illustrates that a very high proportion of Swiss lawyers in our research sample have demonstrated value to their company in areas other than pure legal advice. A significant proportion of our respondents have selected commercial and business advice as the area in which they have demonstrated most value to their company. This is followed by managing regulatory change, risk mitigation and operational change or reorganisation.

This trend is particularly true in some of the larger multinational businesses: there is a high proportion of counsel that have demonstrated value through commercial and business advice. The additional tranches of advice are becoming expected, and the mindset of in-house lawyers is changing to adapt to the necessary commercial mentality. There are many lawyers in the Swiss GC Powerlist that are exemplars of this trend, holding a variety of executive committee memberships, and in some cases pure commercial roles.

Interestingly though, not all industries were found to demonstrate the value of their work in the same way. Unsurprisingly most lawyers in the Diversified Financials sector have demonstrated value by managing regulatory change, something high on the agenda for companies operating in that space.

Crystal ball gazing

To gauge the strategic direction in which key decision makers are taking their legal teams, we asked our survey participants to comment on key objectives for their departments in the coming year. While our findings for Switzerland were not significantly different from other countries, it is worth noting that a relatively small number of lawyers, compared to the rest of Europe, selected influence on business strategy as an important thing to achieve in the following year. It also appears that Swiss decision makers are focusing mainly on growing efficiency in processes, as well as team and individual development, while driving their departments forward.

What catches the eye when looking at the breakdown of our results by revenue, is the importance that small- and medium-sized enterprises place on process efficiency. Lawyers at larger companies, on the other hand, tend to focus more on having an impact on the performance of their companies and influencing business strategy. This will largely be due to the devlelopment and established nature of the legal teams at larger companies, with most already have processes in place to free up their time for more strategic work.

A lot has already been done by Swiss General Counsel to achieve these key strategic objectives. As recognised by the Powerlist, legal decision makers in Switzerland have implemented initiatives that have resulted in significant improvements in efficiency. These range from key policies in the field of social responsibility and competition to impressive billing, compliance and contract management systems. Showing strong leadership merit, Swiss General Counsel have developed strong legal teams that have received wide professional acclaim and recognition.

The role of an in-house counsel in Switzerland has developed significantly in the past two decades; from the back-office role of a passive service provider, to the forward-looking nature of major compliance work and business development. In-house counsel have evolved in their responsibilities, and their profile has developed significantly. Although, according to the Client Intelligence data, this trend has been slightly slower in Switzerland than the rest of Europe and some other regions, we can clearly see positive signs in the Swiss in-house market. General counsel and other senior level lawyers are keen to develop their departments by implementing process and operational improvements and as seen in the GC Powerlist are proactively undertaking new initiatives that genuinely add value to their business in a wide-ranging manner. 

More about the Client Intelligence Report

The Client Intelligence Report gathered unique feedback from over 4,700 unique clients covering 120 geographies. The anonymised information from this research can be used to assess challenges, changes and best practice across jurisdictions, regions or company size, offering a useful resource for in-house teams to benchmark themselves against peers. Further information on the Client Intelligence Report can be found on the dedicated website, which hosts the interactive survey data. If you wish to register for access to this website, please visit:



Firms in the spotlight

Bär & Karrer AG

Bär & Karrer is a leading Swiss law firm with more than 150 lawyers in Zurich, Geneva, Lugano and Zug. Our core business is advising our clients on innovative and complex transactions and representing them in litigation, arbitration and regulatory proceedings. Our clients range from multinational corporations to private individuals in Switzerland and around the world.

The Swiss legal market has a rather decentralised structure, mirroring Switzerland itself. Zurich, the country’s largest city and location of the principal stock exchange, is home to the majority of leading banking and capital markets lawyers. It is located in Switzerland’s German-speaking region, in which Basel and the capital Bern are also significant legal centres. Geneva, the country’s second largest city, with its many private banks and international organisations, is home to many leading banking and international arbitration lawyers. It is located in the French-speaking West, where Lausanne is another important legal centre. Also noteworthy is Lugano, the third most important financial centre in Switzerland and legal centre of the Italian-speaking region in the Southeast.

Among the seven law firms that achieve the most top tier rankings in Switzerland, only Bär & Karrer AG is well established in all three language regions. Baker & McKenzie, Lenz & Staehelin, and Schellenberg Wittmer Ltd have offices in the German and the French-speaking parts, while Homburger and Niederer Kraft & Frey AG are based in Zurich only. Walder Wyss Ltd, which has several offices in the German speaking region, opened a Lugano office in 2013 and entered the French-speaking region in 2016, with the opening of new offices in Geneva and Lausanne and lateral hires from Froriep.

The Swiss legal market, which is usually notable for its stability, has also seen some other movement recently: Kellerhals, with offices in Basel, Bern and Zurich, merged with Carrard, with presences in Lausanne and Sion, to form Kellerhals Carrard and cover the German and the French-speaking regions. Python & Peter experienced several departures, some of which went to Pestalozzi, strengthening the latter’s presence in Geneva. International law firms Orrick, Herrington & Sutcliffe LLP and White & Case LLP opened new arbitration practices in Geneva in 2015.

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Press releases

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to

Legal Developments in Switzerland

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • 10 August 2016: Rakuten acquires substantial minority stake in getAbstract

    Rakuten, Inc., an internet services company based in Tokyo and listed on the Tokyo Stock Exchange, has acquired a substantial minority stake in getAbstract AG, the global leader in compressed digital content.
  • Spadina House AG acquires SkyVision

    Spadina House AG acquires all shares in SkyVision Global Networks Ltd., a global IP telecommunication service provider which offers solutions over satellite and fibre optic systems. The acquisition supplements Spadina's portfolio in satellite communication providers. The transaction was highly complex and involved multiple global jurisdictions and telecommunication licensing regimes.
  • 26 July 2016: Acino divests its patch business to Luye Pharma Group Ltd.

    Luye Pharma Group Ltd. has entered into an agreement to acquire the TDS business from Acino, through the purchase of the entire issued share capital of Acino AG and Acino Supply AG for EUR 245,000,000. The target group is a Europe based global leader in advanced transdermal drug delivery systems (TDS) and is one of the largest independent TDS manufacturers in Europe. Closing is expected to occur in the second half of 2016.
  • 23 June 2016: Castleton closes refinancing facility

    On 16 June 2016, Castleton Commodities International LLC (CCI), a global commodities merchant, closed the fifth amended and restated credit agreement between, among others, certain entities of CCI, as Borrowers and Guarantors, and BNP Paribas, as administrative agent and collateral agent.
  • 27 June 2016: Cembra Swiss Auto Lease ABS transaction 2016-1 listed on the SIX Swiss Exchange

    On 23 June 2016, Cembra Money Bank AG (Cembra) closed its fourth auto lease securitization transaction involving the issue by Swiss Auto Lease 2016-1 GmbH (the Issuer) of CHF 200,000,000 0.22 per cent. Asset-Backed Class A Notes due 2026 and CHF 22,600,000 0.40 per cent. Asset-Backed Class B Notes due 2026 to the Swiss capital market. The Notes issued are listed on the SIX Swiss Exchange and are backed by a portfolio of auto lease assets originated by Cembra and transferred to the Issuer.
  • 28 June 2016: Statkraft Ventures invests into Swiss Smart Grid Solution Company DEPsys

    Statkraft Ventures GmbH led a Series-A financing round with participation of VNT Management and One Creation. In this round the Swiss start-up DEPsys raised CHF 3 million in total.
  • 24 May 2016: Groupe SEB acquires WMF Group from KKR

    Listed Groupe SEB acquires WMF Group. The closing of the transaction is subject to merger control clearance. Groupe SEB will pay 1,020 million EUR in cash for the WMF Group and assume net debt in an amount of 565 million EUR. In addition, SEB takes over 125 million EUR of early retirement and pension liabilities.
  • May 2016: AMAG Leasing: Second Auto Lease CHF 515m ABS Transaction (Dual Tranche 2016-/2016-2)

    On 4 May 2016, AMAG Leasing AG closed its second auto lease securitization transaction. The transaction was structured as a dual trance transaction involving the issuance of notes with various terms, issued by two separate SPVs. Swiss Car ABS 2016-1 AG (the 2016-1 Issuer) issued CHF 200,000,000 0.15 percent Asset-Backed Class A Notes due 2026 (2y soft bullet) and CHF 15,000,000 1.125 percent Asset-Backed Class B Notes due 2026 (2y soft bullet) and Swiss Car ABS 2016-2 AG (the 2016-2 Issuer) issued CHF 300,000,000 0.30 percent Asset-Backed Class A Notes due 2026 (4y soft bullet). The Notes issued are listed on the SIX Swiss Exchange and are each backed by a portfolio of auto lease assets originated by AMAG Leasing AG and transferred to the Issuers. The Class Notes are rated "AAAsf" by Fitch and "Aaa(sf)" by Moody’s and the Class B Notes are rated «AA+sf» by Fitch and «A1(sf)» by Moody’s. UBS Investment Bank acted as Lead Manager, Sole Bookrunner and Co-Arranger, Credit Suisse and Zürcher Kantonalbank acted as Senior Co-Manager and StormHarbour acted as Co-Arrangers and Co-Manager (Class B Notes) on this transaction.
  • 27 April 2016: Greatbatch/INTEGER

    Following completion of the acquisition of the Lake Region Medical groupe by Greatbatch, Inc. and the renaming of Lake Region Medical into INTEGER, Greatbatch contributed in multiple capital increases own shares to Swiss-based P Medical Holding AG/INTEGER (Switzerland) GmbH, which were swapped against shares in the Irish-based Lake Region Medical Holdings Limited. The transaction was completed by a down-stream merger of P Medical Holding AG into its subsidiary INTEGER (Switzerland) GmbH.
  • April 2016: Mövenpick invests in imported wine wholesaler Cheers in China

    Hospitality and food service industry company Mövenpick invests in Chinese wine wholesaler Cheers by acquiring a strategic stake. Cheers has 30 branch offices in the greater Beijing area and currently generates annual revenues of roughly three million Swiss francs. Mövenpick is a Swiss group of companies with global presence. Its core competency lies in the hospitality business, with a focus on gastronomy, hotels, wine and premium branded products.

Press Releases in Switzerland

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to
  • 14 March 2016: Sale of Komax Medtech

    Komax Holding AG has signed a sale agreement for Komax Medtech with GIMA, a subsidiary of the Italian IMA Group. The transaction is valued at approximately CHF 28 million and includes the entire equity of Komax Systems LCF SA, Switzerland, the entire equity of Komax Systems Rockford Inc., USA and 76% of the equity of Komax Systems Malaysia Sdn. Bhd., Malaysia. The deal also includes an earnout of up to CHF 6 million and CHF 2 million for the purchase of the remaining 24% of Komax Systems Malaysia's equity. The transaction is subject to the approval of the relevant competition authorities.
  • 1 January 2016: Promotions at Walder Wyss

    We are pleased to inform that Kinga M. Weiss and Oliver M. Kunz have been promoted to partners of our firm as of 1 January 2016.
  • 1 January 2016: Walder Wyss opens new offices in Geneva and Lausanne

    As of 1 January 2016, our team has been strengthened by a dozen qualified Swiss lawyers who joined Walder Wyss in our new offices in Geneva and Lausanne. We are excited about this move and welcome our new colleagues.
  • 4 January 2016: IPH acquires Montalpina

    French based IPH Group has acquired Montalpina AG. Montalpina is a leading technical distributor with three branches in Switzerland. The company offers a wide range of products with bearings, power transmission and sealings to the point of special tools and measuring equipment. With sales of more than CHF 1 billion in 2015, IPH is one of the largest technical distributors in Europe.
  • 14 January 2016: Succession Plan DT Swiss

    Two members of the board of directors/shareholders of DT Swiss Group AG have acquired all outstanding shares in the course of a succession planning structured as a leveraged buyout (LBO). DT Swiss is a globally renowned manufacturer of bicycle components with branches in the USA, the EU and Asia. Around 500 employees develop, produce and market DT Swiss’ first-class products around the world.
  • 21 January 2016: Bayer sells Diabetes Care business

    The Bayer group has sold its Diabetes Care business to Panasonic Healthcare Holdings Co., Ltd. The total consideration for this transaction, which includes blood glucose monitoring systems and lancing devices for people with diabetes, is around one billion Euros (JPY 132 billion). The Diabetes Care business will now operate as a stand-alone company named Ascensia Diabetes Care Holdings based in Basel, Switzerland.
  • Bär & Karrer Advised on the Reverse Stock Split of Züblin Immobilien Holding AG

    At the Extraordinary Shareholders' Meeting held on 29 February 2016, the shareholders of Züblin Immobilien Holding AG approved a reverse stock split at a ratio of 450 to 1. The last trading day of the old registered shares with a nominal value of CHF 0.05 on the SIX Swiss Exchange was 3 March 2016, the listing and first trading day of the new registered shares with a nominal value of CHF 22.50 was 4 March 2016, and settlement took place on 8 March 2016.
  • 2 December 2015: Niederer Kraft & Frey advises EDAG in its IPO

    On 4 November 2015 EDAG Engineering Group, a leading independent provider of engineering services for the global automotive industry, announced its intention to do an initial public offering (IPO) and admission for trading in the regulated market of the Frankfurt Stock Exchange (Prime Market). On 2 December 2015 trading of EDAG shares on the Frankfurt Stock Exchange started successfully.
  • 17 November 2015 - Bär & Karrer advises Valora on sale of Valora Trade to Aurelius

    Valora has signed an agreement to sell its trade division to Aurelius group, a German conglomerate which is specialized in the restructuring of companies. Valora Trade includes Valora's activities in the distribution of fast moving consumer goods in Switzerland, Germany, Austria, Denmark, Sweden, Norway and Finland. The transaction is subject to approval by the competent merger control authorities.
  • 16 November 2015 - Bär & Karrer advises KKR on USD 50m investment in GetYourGuide

    KKR, a leading global investment firm, has signed an investment and share purchase agreement together with GetYourGuide's current investors as well as new investors to acquire a minority stake in GetYourGuide AG amounting to USD 50m. GetYourGuide is the world's largest online platform for tours, activities and attractions and offers over 28,800 activities in more than 2,500 destinations.