Weakening currencies hit CEE firms' bottom line
International firms are being forced to review billing practices in Central and Eastern Europe (CEE) after being hit by plunging currency values in the region. CMS Cameron McKenna and DLA Piper are among the firms discussing how to offset losses on bills sent out in local currencies, which have suffered significant drops in value. Most international firms bill mainly in euros or US dollars, but the plunging values are an issue for of firms billing clients in local currencies.
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