Industry ranking
Score of 86.8/100 qualifies for PaymentCheck Certification
The average time for BAKER & MCKENZIE SERVICES LIMITED to pay invoices has been fluctuating over the past three years, with a slight overall increase from 2017 to 2023. The percentage of invoices paid within 30 days has also been fluctuating, with a slight decrease from 2017 to 2023. The percentage of invoices paid between 31 and 60 days has been increasing steadily, while the percentage of invoices paid later than 60 days has been decreasing steadily. The percentage of invoices not paid within agreed terms has been fluctuating, with a slight overall decrease from 2017 to 2023.
The volatility of BAKER & MCKENZIE SERVICES LIMITED's payment process has been relatively low over the past three years, with only minor changes in the average time to pay, percentages of invoices paid within 30 days, and percentages of invoices not paid within agreed terms. The most significant changes can be seen in the percentages of invoices paid between 31 and 60 days and later than 60 days, which have shown consistent and significant changes over the past three years.
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2025 - 30 Jun 2025 | 07 Oct 2025 | 29 | 88% | 8% | 4% | 12% |
| 01 Jul 2024 - 31 Dec 2024 | 24 Jan 2025 | 18 | 71% | 10% | 19% | 29% |
| 01 Jan 2024 - 30 Jun 2024 | 25 Jul 2024 | 30 | 90% | 5% | 5% | 10% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 30 | 87% | 7% | 6% | 13% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 19 | 83% | 8% | 9% | 17% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 26 | 70% | 18% | 12% | 30% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 45 | 50% | 33% | 16% | 49% |
| 01 Jul 2021 - 31 Dec 2021 | 20 Jan 2022 | 34 | 58% | 33% | 9% | 42% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 30 | 67% | 25% | 8% | 33% |
| 01 Jul 2020 - 31 Dec 2020 | 20 Jan 2021 | 32 | 73% | 16% | 11% | 27% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 33 | 70% | 24% | 6% | 30% |
| 01 Jul 2019 - 31 Dec 2019 | 23 Jan 2020 | 39 | 66% | 22% | 12% | 34% |
| 01 Jan 2019 - 30 Jun 2019 | 17 Jul 2019 | 36 | 67% | 22% | 11% | 33% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 33 | 65% | 26% | 9% | 35% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 37 | 75% | 16% | 9% | 25% |
| 01 Jul 2017 - 31 Dec 2017 | 26 Jan 2018 | 30 | 77% | 15% | 8% | 23% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Unless specified otherwise, our firm's standard terms of settlement are 30 days from the invoice date.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
30
Any disputes will be dealt with by the appropriate Business manager and the accounts team. Any delays in settlement thought no fault of the supplier may be escalated to the finance manager for further review.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
❌
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
❌
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
❌
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Baker & McKenzie Services Limited is a UK-registered private company forming part of the Baker & McKenzie group, with Baker & McKenzie LLP recorded as its person with significant control. Companies House lists its nature of business as other business support service activities not elsewhere classified, indicating it provides internal administrative or support functions for the wider Baker & McKenzie legal group rather than trading independently. It is based in London and has filed accounts and confirmation statements continuously since incorporation in 1994, having previously traded under related names including Baker & Mckenzie Limited and Maprealm Limited before settling on its current name.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk