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A law firm has produced its annual accounts to the end of December 2020. There has been a lock up period of 124 days revealed by the accounts.

Your boss is worried that lock-up has been increasing year on year, and given the current financial climate, suspects this will continue.

You are asked to write a short-essay explaining 5 different ways in which the business can improve its lock-up period and thus, release cash flow.

Where it is appropriate, please cite relevant research in this area, so your boss is aware of your businesses’ position as against other firms. Ideally, a combination of law firms and banking firms would be best. But a focus on law firms would be ideal otherwise.

Please see attached for the annual accounts data. This is accurate.

Type of service: Academic Paper Writing
Type of assignment: Essay
Subject: Economics
Pages/words: 3/750
Number of Sources: 5
Academic level: Senior (college 4th year)
Paper Format: MLA
Line spacing: Double
Language style: UK English