First off, I am a headhunter. Just so we can be clear where my advice is coming from.Act now - don't wait for the day when you leave CapGem for the final time; at the very least identify some headhunters whom can help you and talk to them now, get yourself on their radar. CG Old Hand is right to tell you not to panic - the market is very robust at the moment, and although a few firms have had a hard time in parts, on the whole the outlook is strong, with most of the consultancies I talk to hiring steadily but carefully.Job hunting full time might sound attractive, and in a sense you shoud treat it like a full time job in itself, but you need to consider how it will look if a suitable role is not secured quickly enough - do some contracting, even if part time, to plug the gap in your CV, show future employers you are not sitting on your laurels - work with a few good recruiters whom will help you accomodate interviews etc, coach you through them, and give you a good insight on the inside track of both organsiations they can present you to, and organisations you may want to approach direct.One final thing - its hard to stand out from the crowd when the market sees a large scale redunancy programme going ahead, and as more CapGem consultants come onto the market together your (sorry to put this bluntly) commodity value lessens - by moving first, ahead of the deadline and therefore ahead of many of your colleagues, you will stand out and be first out of the gate when it comes to roles.Good luck!