Magisters has reduced its headcount across the commonwealth of independent states (CIS) by 7%, as firms in the region move to position themselves for the downturn. The restructuring comes as the Kiev-based firm, currently advising the Ukrainian Government on all issues relating to its sovereign debt, recorded a double-digit rise in revenues for 2008, with turnover increasing by 12.8% to $39.5m (£27.9m). The firm said the staff cuts, equating to around nine job losses, have been made since last autumn.
March 18, 2009 at 11:03 PM
1 minute read
The original version of this story was published on Legalweek
Magisters has reduced its headcount across the commonwealth of independent states (CIS) by 7%, as firms in the region move to position themselves for the downturn.
The restructuring comes as the Kiev-based firm, currently advising the Ukrainian Government on all issues relating to its sovereign debt, recorded a double-digit rise in revenues for 2008, with turnover increasing by 12.8% to $39.5m (£27.9m).
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