CMS CAMERON MCKENNA NABARRO OLSWANG LLP
Company Information
- Company Number
- OC310335
- Registered Address
- Cannon Place, 78 Cannon Street, London, EC4N 6AF
- Status
- Active
- Employee Count
- 3,596
- Turnover
- £730,431,000
- EBITDA
- £247,257,000
Additional Details
- Company Type
- Limited liability partnership
- Incorporated On
- 2 December 2004
- Industries
- Professional Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
CMS CAMERON MCKENNA NABARRO OLSWANG LLP consistently demonstrates a strong payment trend, settling invoices quickly with an average payment time of 20 days. A significant 90% of payments are completed within 30 days, indicating a very positive and reliable trajectory in their accounts payable operations.
Volatility Analysis
The company exhibits low payment volatility, with only a small portion (5% each) extending into the 31-60 and over 60-day brackets, indicating high predictability for most transactions. With an overall late payment rate of just 6%, suppliers can generally expect reliable and timely payments, minimizing significant risk factors.
Summary Analysis
CMS presents a very low payment risk for suppliers, supported by its excellent average payment time and high percentage of invoices paid within 30 days. Suppliers can confidently engage; however, monitoring the small segment of invoices that may exceed 30 days is a pragmatic risk mitigation strategy for cash flow planning.
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 - 31 Mar 2025 | 15 Jul 2025 | 20 | 90% | 5% | 5% | 6% |
| 01 May 2024 - 31 Oct 2024 | 11 Nov 2024 | 16 | 87% | 8% | 5% | 6% |
| 01 Nov 2023 - 30 Apr 2024 | 09 May 2024 | 17 | 84% | 10% | 6% | 5% |
| 01 May 2023 - 31 Oct 2023 | 09 May 2024 | 20 | 84% | 8% | 8% | 8% |
| 01 Nov 2022 - 30 Apr 2023 | 09 May 2024 | 19 | 86% | 9% | 6% | 8% |
| 01 May 2022 - 31 Oct 2022 | 09 May 2024 | 16 | 84% | 11% | 5% | 6% |
| 01 Nov 2021 - 30 Apr 2022 | 27 Jun 2022 | 17 | 86% | 9% | 5% | 10% |
| 01 May 2021 - 31 Oct 2021 | 20 Dec 2021 | 13 | 84% | 8% | 9% | 17% |
| 01 Nov 2020 - 30 Apr 2021 | 13 May 2021 | 16 | 80% | 9% | 11% | 16% |
| 01 May 2020 - 31 Oct 2020 | 29 Apr 2021 | 16 | 81% | 9% | 10% | 20% |
| 01 Nov 2019 - 30 Apr 2020 | 20 May 2020 | 24 | 78% | 11% | 11% | 22% |
| 01 May 2019 - 31 Oct 2019 | 30 Apr 2020 | 22 | 79% | 9% | 12% | 10% |
| 01 Nov 2018 - 30 Apr 2019 | 07 May 2019 | 19 | 82% | 8% | 10% | 15% |
| 01 May 2018 - 31 Oct 2018 | 29 Apr 2019 | 17 | 82% | 8% | 10% | 18% |
| 01 Nov 2017 - 30 Apr 2018 | 29 Apr 2019 | 21 | 79% | 8% | 13% | 16% |
| 01 May 2017 - 31 Oct 2017 | 30 Nov 2017 | 48 | 66% | 11% | 23% | 19% |
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
Extracted from our Master Services Agreement but are our standard terms) 11. Charges 11.1 The Supplier shall calculate and invoice the Customer for the Charges set out in a Statement of Work in accordance with that Statement of Work. 11.2 Subject to Clause 11.4, the Customer shall pay the Charges within 30 days of receipt of a valid invoice from the Supplier. 11.3 To be valid, each invoice must accurately specify the Charges and the following information as appropriate (or such other varied information as the Customer may reasonably specify in advance from time to time): the date of the invoice; the Services, Key Milestones or Deliverables to which the relevant Charges relate; a description of the relevant expenses (if any) with sufficient detail to clearly identify the nature of the expenses and the specific elements of the Services to which they relate; and VAT (if any). 11.4 If the Customer, acting reasonably, disputes any invoice, in whole or in part, it shall notify the Supplier of the disputed invoice as soon as reasonably possible. The Customer shall pay any undisputed amount under an invoice in accordance with Clause 11 and the Parties shall use all reasonable endeavours and act in good faith to resolve any disputed invoice. The Customer shall pay any monies that are agreed to be paid in respect of the disputed element of such invoice as soon as reasonably possible and in any event within 30 days following resolution of a disputed invoice. 11.5 Each Party shall be entitled, without prejudice to any other right or remedy, to charge interest on any payment not made when properly due under this Agreement, calculated from day-to-day at a rate per annum equal to three per cent (3%) above the Bank of England base rate from time to time, from the day after the date on which payment was due up to and including the date of payment. 11.6 All amounts stated to be payable by either Party under this Agreement shall be exclusive of any VAT properly chargeable on any amount. Each Party shall pay to the other Party any VAT properly chargeable on any supply made to it under this Agreement, provided that it shall first have received from the other Party a valid VAT invoice. 11.7 The Supplier shall provide the Customer with all supporting information reasonably required by the Customer to verify Charges invoiced. 11.8 Except as otherwise expressly provided in this Agreement, the Parties shall bear their own costs and expenses in compliance with their obligations under this Agreement and the Customer shall not be obliged to reimburse the Supplier for expenses unless agreed in advance in writing
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
60
Dispute Resolution Process
Extracted from our Master Services Agreement but is the process we follow for all disputes) Dispute resolution process 34. Disputes 34.1 Any Dispute may be dealt with in accordance with the following non-binding escalation procedure: 34.1.1 Level 1: any Dispute shall be referred by either Party first to the Project Managers of each of the Parties for resolution, who shall use reasonable endeavours to resolve the Dispute; 34.1.2 Level 2: if the Dispute cannot be resolved by the Project Managers of the Parties within seven (7) days after the Dispute has been referred to them the issue shall be referred to [name of person]of the Customer and [name of person] of the Supplier, who shall use reasonable endeavours to resolve the Dispute; and 34.1.3 Level 3: if the Dispute cannot be resolved by the Customer’s and Supplier’s representatives referred to in Clause 34.1.2 within seven (7) days after the Dispute has been referred to them the issue shall be referred to the Managing Partner of the Customer and the Chief Executive Officer of the Supplier for resolution, who shall use reasonable endeavours to resolve the Dispute.....
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
Company Summary
CMS CAMERON MCKENNA NABARRO OLSWANG LLP operates as a leading legal services firm. As a limited liability partnership, it provides expert legal advice and representation to its clients.
This active limited liability partnership was incorporated on 2 December 2004, under company number OC310335. Its registered office is located at Cannon Place, 78 Cannon Street, London, EC4N 6AF, establishing its presence in the capital.
Typical services offered by a legal services firm of this type in the UK market encompass a broad range of legal specialisms. These include corporate law, commercial law, real estate, dispute resolution, employment law, and intellectual property, serving diverse client needs.
