The energetics and reaction path in a series of S(N)2 substitution reactions at square-planar Pt(II) complexes have been studied by the application of density functional theory (DFT). Calculated free energies show excellent correlation with their experimental counterparts, while the enthalpic and entropic contributions individually indicate the presence of weak intermolecular interactions not accounted for in the present model, The nature of the leaving ligand has been shown to be much more significant in determining the activation barrier than that of the entering ligand; it is inferred (and confirmed by analysis of individual bond energies) that the reaction is driven by the dissociation of the leaving ligand, with the entering ligand playing a more passive role. Analysis of the intrinsic reaction coordinate indicates, further, that the trans ligand plays an unexpectedly dynamic role in stabilizing the transition state due to competition between stabilization and the steric effects of the entering and leaving ligands, The cis ligands, by contrast, are shown to move only slightly through the course of the reaction.