HERBERT SMITH FREEHILLS KRAMER LLP
Company Information
- Company Number
- OC310989
- Registered Address
- Exchange House, Primrose Street, London, EC2A 2EG
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Limited liability partnership
- Incorporated On
- 14 January 2005
- Industries
- Coming Soon
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
HERBERT SMITH FREEHILLS KRAMER LLP exhibits a trend of extended payment cycles, with an average payment time of 60 days. A significant 38% of payments fall into the 'over 60 days' category, indicating a consistent trajectory towards slower settlement rather than prompt resolution.
Volatility Analysis
Payment reliability for suppliers is moderate, as only 32% of invoices are settled within 30 days, making early payment relatively unpredictable. The considerable 38% of payments extending beyond 60 days, alongside an 8% official late payment rate, introduces a notable risk factor for consistent cash flow predictability.
Summary Analysis
Overall, suppliers should anticipate an average 60-day payment term and a high likelihood of extended payment cycles from HERBERT SMITH FREEHILLS KRAMER LLP. It is crucial to factor in the 38% chance of payments exceeding 60 days and the 8% official late rate into pricing, cash flow projections, and potentially consider adjusting credit terms or requiring robust payment follow-up.
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 May 2025 - 31 Oct 2025 | 12 Nov 2025 | 60 | 32% | 30% | 38% | 8% |
| 01 May 2025 - 31 Oct 2025 | 10 Nov 2025 | 60 | 32% | 30% | 38% | 8% |
| 01 Nov 2024 - 30 Apr 2025 | 20 May 2025 | 50 | 40% | 22% | 38% | 16% |
| 01 May 2024 - 31 Oct 2024 | 18 Nov 2024 | 52 | 41% | 22% | 37% | 8% |
| 01 Nov 2023 - 30 Apr 2024 | 08 May 2024 | 60 | 35% | 21% | 44% | 10% |
| 01 May 2023 - 31 Oct 2023 | 13 Nov 2023 | 65 | 31% | 20% | 48% | 12% |
| 01 Nov 2022 - 30 Apr 2023 | 09 May 2023 | 63 | 32% | 21% | 47% | 7% |
| 01 May 2022 - 31 Oct 2022 | 10 Nov 2022 | 77 | 14% | 19% | 67% | 1% |
| 01 Nov 2021 - 30 Apr 2022 | 23 May 2022 | 73 | 18% | 19% | 63% | 6% |
| 01 May 2021 - 31 Oct 2021 | 24 Nov 2021 | 62 | 25% | 29% | 46% | 8% |
| 01 Nov 2020 - 30 Apr 2021 | 24 May 2021 | 63 | 18% | 34% | 48% | 13% |
| 01 May 2020 - 31 Oct 2020 | 27 Nov 2020 | 47 | 56% | 16% | 28% | 11% |
| 01 Nov 2019 - 30 Apr 2020 | 29 May 2020 | 61 | 24% | 28% | 48% | 19% |
| 01 May 2019 - 31 Oct 2019 | 29 Nov 2019 | 57 | 30% | 22% | 48% | 19% |
| 01 Nov 2018 - 30 Apr 2019 | 29 May 2019 | 58 | 32% | 24% | 44% | 15% |
| 01 May 2018 - 31 Oct 2018 | 28 Nov 2018 | 67 | 28% | 22% | 50% | 11% |
| 01 Nov 2017 - 30 Apr 2018 | 30 May 2018 | 69 | 34% | 13% | 53% | 11% |
| 01 May 2017 - 31 Oct 2017 | 29 Nov 2017 | 57 | 39% | 16% | 45% | 0% |
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
HSF LLP does not have standard payment terms. These are agreed with suppliers depending on their company size and the nature of the goods or services provided. In line with standard procedures for law firms, payments relating to client matter disbursement costs are settled in accordance with the terms set out by the Solicitors Regulatory Authority, unless otherwise agreed with the supplier.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Figures in this submission have been calculated in line with the guidance notes issued by the Department for Business, Energy and Industrial Strategy. HSF LLP operates both daily and weekly payment runs. Weekly payment runs may add additional days to the payment cycle depending on the day of the week the payment is due.
Maximum contractual payment period agreed
60
Dispute Resolution Process
HSF LLP will endeavour to advise suppliers promptly of any disputes or reasons why an invoice will not be paid to the agreed terms. Invoices that are subject to dispute will not be paid until resolution of the dispute. Once resolved, payment will be made in accordance with the terms of the contract. Complaints by suppliers should be directed in the first instance to the individual responsible for the expenditure.
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.
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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
HERBERT SMITH FREEHILLS KRAMER LLP is an active limited liability partnership operating within the legal services sector
Its name and company type confirm its specialisation in professional legal advice and representation
The company was incorporated on 14 January 2005 and is registered in London under company number OC310989
Its registered office is located at Exchange House, Primrose Street, London, EC2A 2EG
As a limited liability partnership providing legal services in the UK market, such firms typically offer a comprehensive range of expertise
These commonly include corporate law, commercial litigation, real estate, employment law, intellectual property, banking and finance, and dispute resolution for businesses and organisations
