BURGES SALMON LLP

Standard payment terms

Unless otherwise agreed in writing between us, payment shall be made no later than the end of the period of 30 days from the date of the relevant invoice being regarded as valid and undisputed. Invoices are paid via weekly BACS payment runs to include all invoices due to the supplier in that given period. The exception to this is where the required payment relates to certain disbursements incurred on behalf of the LLP's client (such as Expert advice and opinions provided by UK and overseas law firms or Counsel). In line with standard regulatory guidance for law firms, our policy is that payment is made on the first working day following receipt of funds from the LLP's client.

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

61

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