Russia and Ukraine: Stuck in recession
"I think it's fair to say that 2010 has been a prolongation of the post-financial crisis market that we got used to in 2009," says Magisters local managing partner Andrew Mac. In contrast to its Russian peer, the Ukrainian market did not pick up last year and there was a lack of notable deals in the market. Cuts in both fee earners and rates have remained as firms struggle to cope in the depressed market.
Ukraine’s legal industry ground to a halt in 2010 with many local firms reporting a tough year. Suzanna Ring charts the changes in the region’s market
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