IFLR1000 Reviews

Financial and corporate

With a history that can be traced as far back as to 1878, Setterwalls is a Swedish law firm with offices in Stockholm, Gothenburg and Malmö.


Focusses / specialisms

The firm is well versed in several financial and corporate areas.

It is experienced in all aspects of banking work ranging from lending transactions to advice on matters in regulatory, compliance and FinTech work. The firm stands out with its expertise in acquisition finance, real estate finance, project finance and asset-backed finance.

The firm’s restructuring and insolvency team advises on all aspects of significant cases in the market and has recently increased its focus on debt restructuring matters such as loan restructurings, out-of-court re-financings and distressed debt trading.

The firm also boasts a large project development practice that often supports cross-border mandates in PPP, infrastructure, transportation and renewable energy.


Key clients

Key clients include Swedbank, Skandinaviska Enskilda Banken (SEB), Handelsbanken, Nordea Bank, Helaba, The Seventh Swedish National Premium Pension Fund (AP7), The Fourth Swedish National Premium Pension Fund (AP4), Swedish Government and Banco Santander.


Research period review: 31st edition (2020/2021)

The firm continued to demonstrate strong capabilities in loan work, where it advised on a broad array of financing mandates- often acting on the side of lenders on complex domestic and cross-border deals.

In the project development space the firm was active in supporting clients on landmark Swedish infrastructure and energy mandates.

In restructuring and insolvency the firm worked on several restructuring cases, acting for lenders, debt providers and insurance companies.

The firm’s recent staffing changes include the recruitment of partner Malin Wikström to the projects team and specialist counsel to the banking practice. Insolvency and bankruptcy administration partner Mathias Winge recently departed the firm.


Client feedback: 31st edition (2020/21)


Capital markets : Equity 

"Core team that provides quality-assured and timely advice. Additional resources/competences can be added when needed." 

"Steering the whole process together with us as the company." 


Financial services regulatory 

"Setterwalls was prompt in responding and provided detailed explanations of the Swedish law position. " 



"Honest and frank advice and guidance with a good balance of theoretic and hands-on advice and implications, etc." 

"Prioritise us as a client. Always available. Good legal advice. Pragmatic approach. Good presentation skills. Experienced within different legal fields that was needed." 

"Setterwalls is very proactive and also understands/considers the relevant commercials aspect related to the legal advice that they share, which is very appreciated by a client. " 


Project development 

"They are very experienced, pragmatic, hands-on and very professional and at the same time nice to work with. " 


Restructuring : Corporate 

"Good listeners who understood a complex case very fast and provided excellent tailor-made solutions. " 


Anders Linneborg 

"Very experienced lawyer; pragmatic; nice to work with; solution oriented. " 


Christian Sjöqvist 

"Good listener with a problem-solving approach. Quickly understands a complex setup and provides tailor-made solutions. " 


Jon Ericson 

"Quickly understood what was important for me and guided me through the process with hands on advice and a good balance of worse case scenario planning as well as risk assessments and pragmatic solutions and negotiations with the buy side. Felt like we connected and worked as a team and I trusted his judgement very much." 


Jörgen Axelsson 

"Committed; very competent; high availability; innovative and proactive." 


Marcus Nivinger 

"Competent legal adviser with great personal skills." 


Mattias Detterfelt 

"Engaged; pragmatic; skilled; availability." 


Ola Grahn 

"Ola is extremely proactive and has an understanding of business rare in most lawyers. His legal experience and advice is solid and Ola is a resource that you can always rely on." 

"Very competent, problem solving and pragmatic." 


Patrik Olivecrona 

"Patrik was responsive and was able to flexibly think about the issues that were raised with him."