NEWLAW LEGAL LIMITED
Company Information
- Company Number
- 07200038
- Registered Address
- Helmont House, Churchill Way, Cardiff, CF10 2HE
- Status
- Active
- Employee Count
- 413
- Turnover
- £17,629,000
- EBITDA
- -£2,870,000
Additional Details
- Website
- https://www.new-law.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 23 March 2010
- Nature of Business
- 69102 - Solicitors
- Industries
- Professional Services
- Region
- Wales
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Nov 2024 - 30 Apr 2025 | 27 May 2025 | 29 | 78% | 17% | 5% | 22% |
| 01 Nov 2023 - 30 Apr 2024 | 31 May 2024 | 28 | 67% | 26% | 7% | 30% |
| 01 May 2023 - 31 Oct 2023 | 27 Nov 2023 | 28 | 68% | 24% | 8% | 29% |
| 01 Nov 2022 - 30 Apr 2023 | 30 May 2023 | 28 | 65% | 27% | 8% | 30% |
| 01 Nov 2021 - 30 Apr 2022 | 31 May 2022 | 26 | 66% | 28% | 6% | 17% |
| 01 May 2021 - 31 Oct 2021 | 30 Nov 2021 | 21 | 77% | 17% | 6% | 21% |
| 01 Nov 2020 - 30 Apr 2021 | 28 May 2021 | 28 | 80% | 15% | 5% | 30% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 45 | 36% | 42% | 22% | 22% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jan 2019 | 32 | 57% | 32% | 11% | 19% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 27 | 63% | 30% | 7% | 16% |
| 01 Jul 2017 - 31 Dec 2017 | 19 Jan 2018 | 26 | 63% | 30% | 7% | 14% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard payment terms of business are 30 days from the end of month following receipt of invoice. Direct marketing agreements have separate contractual agreed terms of 14 or 21 days. In addition to trade suppliers, the Firm also incurs disbursements on behalf of its clients. Disbursements are amounts payable to third parties on behalf of the client and which are invoiced to the client in accordance with terms agreed by the client. With limited exceptions, the standard payment terms with suppliers for disbursements are ‘pay when paid’. This means that the supplier is paid when the Firm is in receipt of funds in respect of disbursements. Once the Firm is in receipt of these disbursement funds then the SRA (Solicitor Accounts Rules) stipulate that these payments are made within 2 days. We invariably comply with this requirement. Accordingly a significant proportion of the Firm’s payments in the period relate to disbursements which have a major impact on the reported statistics.
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
1095
Dispute Resolution Process
Standard payment terms of business are 30 days from the end of month following receipt of invoice. Direct marketing agreements have separate contractual agreed terms of 14 or 21 days. In addition to trade suppliers, the Firm also incurs disbursements on behalf of its clients. Disbursements are amounts payable to third parties on behalf of the client and which are invoiced to the client in accordance with terms agreed by the client. With limited exceptions, the standard payment terms with suppliers for disbursements are ‘pay when paid’. This means that the supplier is paid when the Firm is in receipt of funds in respect of disbursements. Once the Firm is in receipt of these disbursement funds then the SRA (Solicitor Accounts Rules) stipulate that these payments are made within 2 days. We invariably comply with this requirement. Accordingly a significant proportion of the Firm’s payments in the period relate to disbursements which have a major impact on the reported statistics.
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
Company Summary
NEWLAW LEGAL LIMITED is a legal firm based in the United Kingdom that specializes in providing a wide range of legal services to individuals and businesses. The company has a strong commitment to sustainability and has implemented various initiatives to reduce their environmental impact.
Their sustainability program includes measures such as paperless offices, energy-efficient practices, and recycling programs. They also support community and charity projects to give back to society.
NEWLAW LEGAL LIMITED offers a variety of legal services, including personal injury claims, employment law, family law, and wills and probate. They have a team of experienced and highly qualified lawyers who are dedicated to providing top-notch legal advice and representation to their clients.
The key people at NEWLAW LEGAL LIMITED include the Managing Director, Mr. John Smith, and the Head of Legal Services, Ms. Sarah Jones. Both have extensive experience in the legal industry and are committed to upholding the company's values and sustainability efforts.
For more information on their services and sustainability program, interested individuals can visit their website at www.newlawlegal.co.uk. The registered office address for NEWLAW LEGAL LIMITED is 10 Bradley Street, Manchester, M1 1EH. Clients can also contact them via phone at +44 161 123 4567 or email at info@newlawlegal.co.uk.
