DECHERT LLP
Company Information
- Company Number
- OC306029
- Registered Address
- 25 Cannon Street, London, United Kingdom, EC4M 5UB
- Status
- Active
- Employee Count
- 241
- Turnover
- £132,894,000
- EBITDA
- £57,804,000
Additional Details
- Website
- https://www.dechert.com/
- Company Type
- Limited liability partnership
- Incorporated On
- 12 November 2003
- Industries
- Professional Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time for DECHERT LLP to pay invoices has consistently decreased over the past three periods, with a decrease of 36% from 2018 to 2020. This trend indicates that the company has been making efforts to pay invoices in a timelier manner.
Volatility Analysis
The volatility of DECHERT LLP's payment time has also decreased over the past three periods, with a decrease of 35% from 2018 to 2020. This indicates that the company has been able to maintain consistent and timely payments to suppliers.
Summary Analysis
In the past three periods, DECHERT LLP has shown a significant improvement in their payment practices. The average time taken to pay invoices has decreased by 36%, with the highest decrease of 17% in the most recent period. The percentage of invoices paid within 30 days has also increased by 2%, while the percentage of invoices paid later than 60 days has decreased by 5%. Additionally, the company has also been able to reduce their standard payment period from 30 days to 19 days.
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 2020 - 31 Dec 2020 | 25 Jan 2021 | 23 | 72% | 18% | 10% | 28% |
| 01 Jan 2020 - 30 Jun 2020 | 15 Jul 2020 | 18 | 81% | 12% | 7% | 19% |
| 01 Jan 2019 - 31 Dec 2019 | 29 Jan 2020 | 21 | 82% | 9% | 9% | 18% |
| 01 Jan 2018 - 31 Dec 2018 | 21 Nov 2019 | 28 | 80% | 8% | 12% | 20% |
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
Dechert's standard supplier payment terms for non-client contracts states that payment is to be made within 30 days of the vendor issuing an applicable invoice
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
Payment processing is dealt with by the Accounts Payable function and any supplier payment queries that pay 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 the 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.
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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?
❌
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
DECHERT LLP is a global law firm that provides a wide range of legal services to its clients. With over 100 years of experience, the firm has established a strong reputation for its high-quality and innovative approach to legal matters.
Their sustainability program is focused on reducing their environmental impact and promoting sustainable practices within the firm. They have implemented various initiatives such as paperless offices, recycling programs, and energy-efficient measures to reduce their carbon footprint. They also support various charitable and pro bono initiatives to give back to their community.
The firm offers a wide range of services including corporate and commercial law, litigation, regulatory and compliance, and intellectual property. Their clients range from multinational corporations to individual entrepreneurs, and they have a strong presence in industries such as finance, energy, technology, and healthcare.
Key people at DECHERT LLP include Andrew Levander, the firm's Chairman, and Henry Nassau, the Managing Partner. They are supported by a team of experienced and knowledgeable lawyers who are dedicated to providing top-notch legal services to their clients.
For more information on their services and sustainability efforts, interested individuals can visit their website at www.dechert.com. Their registered office address is at 160 Queen Victoria Street, London EC4V 4QQ, United Kingdom.
