BAKER MCKENZIE SERVICES LIMITED
Company Information
- Company Number
- 02922570
- Registered Address
- 280 Bishopsgate, London, EC2M 4RB
- Status
- Active
- Employee Count
- 729.0
- Turnover
- 116823000.0
- EBITDA
- 5563000.0
Additional Details
- Website
- https://bakermckenzie.com
- Company Type
- Private limited Company
- Incorporated On
- 25 April 1994
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- 0
- Region
- London
Company Location
Loading map...
Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
Performance Reports History
| 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 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% |
Company Summary
Baker & McKenzie Services Limited is a multinational law firm that offers a wide range of legal services to clients around the world
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact
Their sustainability program includes measures such as reducing waste and energy consumption, promoting diversity and inclusion, and supporting pro bono work
They also have a global sustainability committee to oversee and implement these initiatives
The company offers a variety of products and services, including corporate law, tax law, intellectual property, and dispute resolution
They cater to clients from various industries, including banking and finance, energy, healthcare, and technology
The key people at Baker & McKenzie Services Limited include the Chairman, Milton Cheng, and the Global Chief Executive Officer, Jaime Trujillo
They have a team of over 13,000 employees, including lawyers, consultants, and staff, who work across their 77 offices in 46 countries
Their registered office is located at 100 New Bridge Street, London, EC4V 6JA, United Kingdom
They can be contacted via their website, www.bakermckenzie.com, or through their main phone number, +44 20 7919 1000
In conclusion, Baker & McKenzie Services Limited is a leading law firm with a strong commitment to sustainability
They offer a wide range of legal services and have a team of experienced professionals dedicated to serving their clients' needs
Their efforts towards sustainability and social responsibility make them a reputable and responsible company in the legal industry
Company Review
Trend Analysis
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.
Volatility Analysis
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.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Unless specified otherwise, our firms 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
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Dispute Resolution Process
Any disputes will be dealt with by the appropriate business manager and the accounts team. Any delays in settlement through no fault of the supplier may be escalated to the finance manager for further review.
Other Payment Information
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
