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London Firms to Redeploy Lawyers as Markets Shift
Allen & Overy is trying to usher in a new era of flexibility among its lawyers, marking the strongest evidence yet that top U.K. firms are adapting to the post-credit crunch environment. Partly to prepare for a fluctuating market, the Magic Circle firm has launched a scheme to move lawyers and staff to different practice areas and offices in preparation for a drop in workload across any of its specialist teams. Lawyers and others have also been told that a willingness to move will enhance career prospects.