<P> Many major global companies have their headquarters in the City, including Aviva, BT Group, Lloyds Banking Group, Old Mutual, Prudential, Schroders, Standard Chartered, and Unilever . </P> <P> A number of the world's largest law firms are headquartered in the City, including four of the "Magic Circle" law firms (Allen & Overy, Freshfields Bruckhaus Deringer, Linklaters and Slaughter and May), as well as other firms such as DLA Piper, Eversheds, Herbert Smith Freehills and Hogan Lovells . </P> <P> Whilst the financial sector, and related businesses and institutions, continue to dominate, the economy is not limited to that sector . The legal profession has a strong presence, especially in the west and north (i.e., towards the Inns of Court). Retail businesses were once important, but have gradually moved to the West End of London, though it is now Corporation policy to encourage retailing in some locations, for example at Cheapside near St Paul's . The City has a number of visitor attractions, mainly based on its historic heritage as well as the Barbican Centre and adjacent Museum of London, though tourism is not at present a major contributor to the City's economy or character . The City has many pubs, bars and restaurants, and the "night - time" economy does feature in the Bishopsgate area, towards Shoreditch . The meat market at Smithfield, wholly within the City, continues to be one of London's main markets (the only one remaining in central London) and the country's largest meat market . In the east is Leadenhall Market, a fresh food market that is also a visitor attraction . </P> <P> The trend for purely office development is beginning to reverse as the Corporation encourages residential use, albeit with development occurring when it arises on windfall sites . The City has a target of 90 additional dwellings per year . Some of the extra accommodation is in small pre-World War II listed buildings, which are not suitable for occupation by the large companies which now provide much of the City's employment . Recent residential developments include "the Heron", a high - rise residential building on the Milton Court site adjacent to the Barbican, and the Heron Plaza development on Bishopsgate is also expected to include residential parts . </P>

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