IFLR is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2026

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement


Key contacts
Executive Partner & Managing Partner, Stockholm office: Henrik Kjellander
Managing Partner, Gothenburg office: Robin Sundin
Quick facts
Scope of practice

Full-service business law firm

# Partners

37

# Total number of practitioners

» 175 (including partners)

Languages

English, Scandinavian languages, French, German, Italian, Spanish

Key practice areas
Banking and finance
Capital markets
Capital markets : Debt
Capital markets : Equity
Financial and corporate
Corporate and M&A
Restructuring and insolvency
M&A
Energy and infrastructure
Project development
Firm overview
Setterwalls is one of Sweden’s leading full-service business law firms with some 175 lawyers and associates
servicing clients from its two offices in Sweden’s largest cities – Stockholm and Gothenburg (Göteborg).
Setterwalls is an independent firm with an extensive, well-established international network. Established
in 1878, Setterwalls is also the oldest law firm in Sweden.
Since Setterwalls is based in Scandinavia, one of the world’s most globalised business environments,
Setterwalls is accustomed to working in multinational contexts across linguistic and cultural boundaries. All
in all, about half of Setterwalls client assignments originate from countries outside of Sweden, including
from many of the world’s leading companies and banks and other financial institutions.
Setterwalls has established several international desks – the China Desk, the French Desk, the German Desk
and the India Desk – to meet clients’ demand for truly international expertise and legal advice. Each desk
consists of a group of lawyers who combine legal specialist expertise with linguistic skills and a deep
understanding of the business culture and legal system of China, France, Germany, and India respectively.
See the firm’s website for more information (www.setterwalls.se).
Setterwalls' latest news
Client feedback

"Easy to work with and easy to get hold of."

"I have referred a number of insolvency and litigation assignments to Setterwalls over the last few years. Setterwalls has a well-functioning insolvency practice (focusing more on bankruptcies than restructuring maybe)."

"The lawyers at Setterwalls are always offering quick support and fantastic responses on special cases and handle problems with finesse."

"They are the best in Sweden in many aspects. Especially when using financing as credit enhancement for commercial lending." 

Key practice areas

Being a commercial full-service practice, Setterwalls offers clients a complete range of business law services, including within the following areas of practice:

For the full list of practice areas and industry sectors, see Setterwalls’ website(www.setterwalls.se/en/expertise)

Sector expertise

By combining its legal expertise with extensive knowledge of numerous sectors, Setterwalls attracts clients within a wide range of sectors — from biotech entrepreneurs, clean tech and media companies to private equity firms, game developers and real estate funds — including many of Sweden’s, and the world’s, leading companies, banks and other financial institutions and government agencies.

Other offices

Göteborg office:
Sankt Eriksgatan 5
P.O. Box 11235
SE-404 25 Göteborg
Sweden
T: +46 31 701 1700
F: +46 31 701 1701
E: gothenburg@setterwalls.se
W: www.setterwalls.se

Malmö office:
Stortorget 23
P.O. Box 4501
SE-203 20 Malmö
Sweden
T: +46 10 690 0400
F: +46 10 690 0470
E: malmoe@setterwalls.se
W: www.setterwalls.se

Address:
Sturegatan
SE-101 39, Stockholm
PO Box 1050
Tel:+46 8 598 890 00 Fax:+46 8 598 890 90 Email:Contact Us Web Address:http://www.setterwalls.se/en/
2027 Edition
Banking and finance
23 firms ranked
View full list

Tier 1 ...


Unlock this content.

These rankings will be officially released on October 14. Subscribers can view the rankings now through exclusive early access.

Request Early Access Login to continue
Capital markets : Debt
16 firms ranked
View full list

Tier 1 ...


Unlock this content.

These rankings will be officially released on October 14. Subscribers can view the rankings now through exclusive early access.

Request Early Access Login to continue
Capital markets : Equity
22 firms ranked
View full list

Tier 1 ...


Unlock this content.

These rankings will be officially released on October 14. Subscribers can view the rankings now through exclusive early access.

Request Early Access Login to continue
M&A
27 firms ranked
View full list

Tier 1 ...


Unlock this content.

These rankings will be officially released on October 14. Subscribers can view the rankings now through exclusive early access.

Request Early Access Login to continue
Private equity
19 firms ranked
View full list

Tier 1 ...


Unlock this content.

These rankings will be officially released on October 14. Subscribers can view the rankings now through exclusive early access.

Request Early Access Login to continue
Project development
19 firms ranked
View full list

Tier 1 ...


Unlock this content.

These rankings will be officially released on October 14. Subscribers can view the rankings now through exclusive early access.

Request Early Access Login to continue
Restructuring and insolvency
20 firms ranked
View full list

Tier 1 ...


Unlock this content.

These rankings will be officially released on October 14. Subscribers can view the rankings now through exclusive early access.

Request Early Access Login to continue
Linked Reviews
Financial and corporate
Setterwalls has a history dating back to 1878, when Nils Setterwall and Oscar von Koch acquired Advokatföreningen, Juridisk Affärsbyrå in Stockholm. The firm provides world-class advice across all areas of business law. Its team consists of Swedish-qualified legal practitioners with international expertise and is led by managing partner Marc Tullgren and executive partner Henrik Kjellander. The firm is highly regarded across a range of financial and corporate practice areas.

Key clients      

AB Volvo and Volvo Treasury, Apax Partners, Danske Bank, Fastighets AB Balder, and I A R Systems Group.

Highlights 

The firm advised Salling Group on its acquisition of Rimi Baltic from ICA Gruppen. The firm also advised SHT Smart High Tech on its strategic collaboration with Henkel AG & Co KGaA.

In debt capital markets, the firm advised AB Volvo and Volvo Treasury on their $20 billion Euro Medium Term Note Programme for 2025. The firm also advised Fastighets AB Balder on its €6 billion Euro Medium Term Note Programme for 2025.

Testimonials

“Competence in niche areas.” - Banking and finance

“Very good service and skilled lawyers.” - Banking and finance

“Good firm.” – Project development
19 results19 results
Deal Highlights
15 results15 results
Deal Name Deal Date Firm Name Jurisdiction Deal Type Lawyer Names Client Names Client Role
Volvo Group - Bond Issue
2021-05-01
Setterwalls
Sweden
Bond issue
Volvo Group
Issuer
Fastighets AB Balder - Bond Issue
2021-05-01
Setterwalls
Sweden
Bond issue
Fastighets AB Balder
Issuer
Volvo Group - Bond Issue
2021-09-01
Setterwalls
Sweden
Bond issue
Volvo Group
Issuer
Volvo Group - Bond Issue
2021-01-01
Setterwalls
Sweden
Bond issue
Volvo Group
Issuer
Fastighets AB Balder - Bond Issue
2021-06-01
Setterwalls
Sweden
Bond issue
Fastighets AB Balder
Issuer
Fastighets AB Balder - Bond Issue
2021-01-01
Setterwalls
Sweden
Bond issue
Fastighets AB Balder
Issuer
Fastighets AB Balder - Bond Issue
2021-03-01
Setterwalls
Sweden
Bond issue
Fastighets AB Balder
Issuer
Corporation of European Pharmaceutical Distributors NV - M&A
2021-05-31
Setterwalls
Sweden
M&A
Alexandra Sveindal, Anders Holmgren, Erik Thimfors, Hanna Rhodin, Hanna Sonning, Robin Sundin, Simon Borell, Tor Kallen
Corporation of European Pharmaceutical Distributors NV
Buyer
Corporation of European Pharmaceutical Distributors NV - M&A
2021-04-13
Setterwalls
Sweden
M&A
Corporation of European Pharmaceutical Distributors NV
Buyer
Volvo Group - Bond Issue
2021-11-01
Setterwalls
Sweden
Bond issue
Volvo Group
Issuer
Volvo Group - Bond Issue
2022-02-01
Setterwalls
Sweden
Bond issue
Volvo Group
Issuer
Monterro 1 AB - M&A
2022-07-13
Setterwalls
Sweden
M&A
Monterro 1 AB
Seller
Björnberget Vindkraft - Project finance
2021-01-05
Setterwalls
Sweden
Project finance
Carl Lindencrona
Björnberget Vindkraft
Borrower
Nordisk Bergteknik AB - IPO
2021-10-22
Setterwalls
Sweden
IPO
Jesper Kuschel
Nordisk Bergteknik AB
Issuer
Metenova AB - M&A
2023-09-26
Setterwalls
Sweden
M&A
Metenova AB
Target
Sponsored

Sponsored

should have bg #f6f8fb but is leaving an artifact