BAKER MCKENZIE GLOBAL SERVICES UK LIMITED
Company Information
- Company Number
- 05094078
- Registered Address
- 280 Bishopsgate, London, EC2M 4RB
- Status
- Active
- Employee Count
- 78.0
- Turnover
- 22708000.0
- EBITDA
- 940000.0
Additional Details
- Website
- https://bakermckenzie.com
- Company Type
- Private limited Company
- Incorporated On
- 5 April 2004
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- 0
- Region
- London
Company Location
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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 | 82% | 10% | 8% | 18% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 21 | 79% | 9% | 12% | 21% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 32 | 73% | 20% | 7% | 27% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 33 | 62% | 21% | 16% | 37% |
| 01 Jul 2021 - 31 Dec 2021 | 20 Jan 2022 | 32 | 68% | 24% | 8% | 32% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 33 | 66% | 16% | 18% | 34% |
| 01 Jul 2020 - 31 Dec 2020 | 20 Jan 2021 | 29 | 61% | 34% | 5% | 39% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 35 | 41% | 12% | 47% | 59% |
| 01 Jul 2019 - 31 Dec 2019 | 23 Jan 2020 | 33 | 64% | 24% | 12% | 36% |
| 01 Jan 2019 - 30 Jun 2019 | 17 Jul 2019 | 33 | 65% | 20% | 15% | 35% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 38 | 61% | 26% | 13% | 62% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 36 | 63% | 22% | 15% | 37% |
| 01 Jul 2017 - 31 Dec 2017 | 26 Jan 2018 | 31 | 66% | 23% | 11% | 34% |
Company Summary
BAKER & MCKENZIE GLOBAL SERVICES (UK) LIMITED is a leading global law firm that provides a wide range of legal services to clients across various industries
The company is committed to sustainability and has a strong focus on corporate responsibility
Their sustainability program includes efforts to reduce their environmental impact, promote diversity and inclusion, and support their local communities
They have implemented initiatives such as reducing paper usage, promoting green commuting options, and providing pro bono legal services to those in need
In terms of their products and services, BAKER & MCKENZIE GLOBAL SERVICES (UK) LIMITED offers a comprehensive range of legal solutions, including corporate law, employment law, and intellectual property law
They also have a strong presence in the areas of litigation and dispute resolution, as well as international arbitration
The key people at BAKER & MCKENZIE GLOBAL SERVICES (UK) LIMITED include their managing partner, who oversees the firm's operations, and a team of experienced lawyers who handle cases for clients
They also have a dedicated team for their sustainability program, which is headed by a sustainability manager
For more information on their services and sustainability efforts, interested individuals can visit their website at www.bakermckenzie.com
Their registered office address is 100 New Bridge Street, London EC4V 6JA, United Kingdom
Overall, BAKER & MCKENZIE GLOBAL SERVICES (UK) LIMITED is a reputable and responsible law firm that is committed to providing top-notch legal services while also making a positive impact on society and the environment
Company Review
Trend Analysis
The average time to pay for BAKER & MCKENZIE GLOBAL SERVICES (UK) LIMITED has fluctuated over the past three periods, with a peak of 38 days in the 2018-2019 period and a low of 21 days in the 2022-2023 period. Overall, there has been a slight downward trend in the average time to pay.
Volatility Analysis
The volatility of the % Invoices paid later than 60 days has been the most significant in the past three periods, with a high of 15% in the 2018-2019 period and a low of 7% in the 2022-2023 period. This indicates that BAKER & MCKENZIE GLOBAL SERVICES (UK) LIMITED has had some challenges in paying invoices within the agreed terms.
Summary Analysis
In the past three periods, BAKER & MCKENZIE GLOBAL SERVICES (UK) LIMITED has seen a slight decrease in the average time to pay, with a peak of 38 days in the 2018-2019 period and a low of 21 days in the 2022-2023 period. The company has also improved in paying invoices within 30 days, with a high of 79% in the 2022-2023 period. However, the % Invoices paid later than 60 days has also been high in some periods, with a peak of 15% in the 2018-2019 period.
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 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.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
