cathy

Didkovskiy adds that while he sees the logic behind this, businesses can only use their lawyers for general work and still require law firms for anything that is remotely niche. He says: "In-house teams can't be professionals in everything and there are some niches where they just cannot compete with law firms."Mac says: "I think Chopard Happy Fish CH-55 definitely going to have a better year next year. If I look at the pipeline as of today compared to this time last year, there are definitely more big ticket deals on the cards.""I think it's fair to say that 2010 has been a prolongation of the postfinancial 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 Chopard Happy Fish Quartz CH-27 firms struggle to cope in the depressed market.Mac adds: "I think there were a combination of reasons for the lack of activity this year including the fact that this was one of the emerging markets that was doing disproportionately well before the crisis, and Chopard Happy Hour Quartz CH-8 a result it is doing disproportionately badly now."While deals were scant, one of the few transactions in 2010 did, however, mark the largest merger in Ukrainian history, with Russia's Altimo and Norway's Telenor Group combining their stakes in mobile phone operators Russian VimpelCom and Ukrainian Kyivstar GSM to create VimpelCom.

Orrick Herrington & Sutcliffe, Skadden Arps Slate Meagher & Flom and Magisters lined up on the $23.8bn (&14.9bn) deal, which was completed in May 2010 after four years of negotiations.As companies look to cut back on external legal spend, a number moved to set up their own in-house legal function in 2010. Chopard Happy Hour Quartz CH-9 managing partner Oleksiy Didkovskiy comments: "What has been extremely interesting this year is that huge businesses have been trying to build their own in-house legal teams, which has meant that law firms have seen less work."There are two reasons for this. First, businesses are concerned about confidentiality so they want to work and play inside their own teams and second, they are looking to save money wherever they can."