20 December 2022

Crisis? What Crisis?


The distinct trademark of Switzerland: it’s small, industrious, and adaptable,” says Daniel Daeniker, senior partner of Homburger. “As Darwin said the species most likely to survive are not the biggest and not the strongest, they are the ones which are the most adaptable to change. The industriousness as a trait of character. Even though we call ourselves capitalists, an inherent trust in civil service, and that government is not your enemy.” Lawyers, he adds, “never really suffer from crises, they suffer from the low after a crisis has been overcome. We’re still in crisis mode.”

So, what exactly does ‘crisis mode’ entail for Swiss law firms? Centred on pharma and life sciences, banking and finance, and fintech, a full-blown crisis is certainly not yet apparent in the wider Swiss economy, which has proved itself to be impervious to many of the problems affecting its bigger eurozone neighbours.

 

Related News

November 2023 News

Luxembourg: funds in flux

For a small country of just 660,000 people, Luxembourg can boast some big numbers.

November 2023 News

Channelling growth

Dominic Carman recently met with Maples’ Jersey Head of Office, Nick Evans, and local partners – Simon Hopwood, Paul Burton, Mark Crichton, Tim Morgan and David Allen – to discuss the current Jersey market and the firm’s plans for future growth.

November 2023 News

The Magnificent Seven: Cayman’s world class bench

‘The quality of our judges? It’s like explaining that you have Lionel Messi and he’s really good; it just doesn’t need explaining’ What Cayman’s leading disputes lawyers have to say about their judges.

November 2023 News

Cayman: The global capital of offshore disputes

Dominic Carman examines why litigants seeking to vindicate or enforce their rights with minimal risk increasingly flock to the Cayman courts.