WITHERS LLP
Company Information
- Company Number
- OC301149
- Registered Address
- Third Floor, 20 Old Bailey, London, United Kingdom, EC4M 7AN
- Status
- Active
- Employee Count
- 782
- Turnover
- £162,451,000
- EBITDA
- £47,724,000
Additional Details
- Company Type
- Limited liability partnership
- Incorporated On
- 13 December 2001
- Industries
- Professional Services
- Region
- London
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 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 39 | 70% | 12% | 18% | 36% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 40 | 66% | 15% | 19% | 36% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 48 | 62% | 15% | 24% | 39% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 40 | 64% | 17% | 19% | 39% |
| 02 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 33 | 70% | 15% | 15% | 38% |
| 02 Jan 2021 - 01 Jul 2021 | 29 Jul 2021 | 38 | 68% | 14% | 18% | 37% |
| 02 Jul 2020 - 01 Jan 2021 | 29 Jan 2021 | 38 | 68% | 16% | 15% | 36% |
| 02 Jan 2020 - 01 Jul 2020 | 28 Jul 2020 | 50 | 72% | 13% | 14% | 32% |
| 02 Jul 2019 - 01 Jan 2020 | 31 Jan 2020 | 35 | 72% | 16% | 12% | 32% |
| 02 Jan 2019 - 01 Jul 2019 | 29 Jul 2019 | 41 | 70% | 12% | 18% | 35% |
| 02 Jan 2018 - 01 Jul 2018 | 31 Jul 2018 | 37 | 62% | 25% | 13% | 41% |
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
A significant proportion of the firm’s suppliers provide services that are charged directly to the firm’s clients as disbursements. These client disbursement invoices are paid on receipt of payment from the client with the payment period, for the purpose of the calculation of average time taken to pay invoices, taken from the date of the original invoice. The standard supplier payment period for non-client contracts is 30 days. The average number of days taken to make payments to non-disbursement suppliers in the reporting period was 21 days.
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
90
Dispute Resolution Process
Payment processing is dealt with by the Accounts Payable function and any supplier payment queries that may arise are actioned by that team. In the event they are unable to resolve the matter, the query will be discussed between the supplier and relevant function manager or finance personnel to ensure satisfactory resolution for both the supplier and the firm.
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
Withers LLP is a global law firm that provides legal services to individuals, families, and businesses. They have a strong focus on sustainability and offer a variety of services and products to support this goal.
Their sustainability program includes efforts to reduce their carbon footprint, promote diversity and inclusion, and support charitable causes. They have also implemented sustainable practices within their offices, such as using energy-efficient equipment and reducing paper waste.
Their services include legal advice and support in areas such as wealth planning, tax, real estate, and litigation. They also offer specialized services for high-net-worth individuals and families, including estate and succession planning.
Withers LLP has a team of experienced and highly skilled lawyers, including partners and associates who are recognized as leaders in their fields. They also have a strong network of international offices, allowing them to provide global legal services to their clients.
Their website address is www.withersworldwide.com, where they provide information about their services, team, and sustainability efforts. Their registered office address is 20 Old Bailey, London EC4M 7AN, United Kingdom. Withers LLP is committed to providing high-quality legal services while also promoting sustainability and making a positive impact in the communities they serve.
