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How to improve your financial management

Effective financial management is typically all about constant focus and incremental change. Throughout this year’s The Lawyer UK 200: Financial Management report you will find ­numerous examples of where and how firms have achieved changes to debt levels or lock-up (the ­combination of work-in-progress (WIP) and debtor days). Even though on the face of it these changes may look slight, ultimately they can have a very significant impact.

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