Latex provides the wrapfig package which lets you wrap text around figures. In not only saves place, but also embeds the figure nicely into your text. Setting the figure width to 0.
Wrap text around figures and tables
To reduce vertical space on top of the figure, between the figure and the caption as well as below the caption, use the following trick:. November at 5: Could you please let me know if there is an easier way of getting the same result, without shrinking the size of the characters?
November at 4: Thank you for the code, that made things a lot easier. I suggest using the fixed width column type m. Calvin peeing on mets, define a new columntype that is centered horizontally m and vertically centering.