George Bull: A practical approach is needed now
These are tough times for law firms. Formerly buoyant business streams are in the doldrums, prompting a war for talent in the recruitment of individuals with counter-cyclical skills, such as recovery and restructuring. Firms are looking hard at how previously busy transactional specialists can be put to good use in a downturn - with restructuring work offering the most obvious opportunities for the reassignment of lawyers.
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