BAKER MCKENZIE LLP
Company Information
- Company Number
- OC311297
- Registered Address
- 280 Bishopsgate, London, EC2M 4RB
- Status
- Active
- Employee Count
- 729.0
- Turnover
- 345548000.0
- EBITDA
- 134530000.0
Additional Details
- Website
- https://www.theagc.com/
- Company Type
- Limited liability partnership
- Incorporated On
- 1 February 2005
- Industries
- Professional Services
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jun 2023 - 31 Dec 2023 | 31 Jan 2024 | 30 | 91% | 5% | 4% | 9% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 30 | 83% | 10% | 7% | 17% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 29 | 70% | 18% | 12% | 30% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 34 | 69% | 18% | 13% | 31% |
| 01 Jul 2021 - 31 Dec 2021 | 20 Jan 2022 | 27 | 77% | 15% | 8% | 23% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 29 | 70% | 24% | 6% | 30% |
| 01 Jul 2020 - 31 Dec 2020 | 20 Jan 2021 | 31 | 68% | 23% | 9% | 32% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 36 | 45% | 17% | 38% | 55% |
| 01 Jul 2019 - 31 Dec 2019 | 23 Jan 2020 | 33 | 68% | 20% | 12% | 32% |
| 01 Jan 2019 - 30 Jun 2019 | 17 Jul 2019 | 31 | 70% | 19% | 11% | 30% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 33 | 66% | 23% | 10% | 34% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 33 | 68% | 21% | 11% | 32% |
| 01 Jul 2017 - 31 Dec 2017 | 26 Jan 2018 | 26 | 71% | 20% | 9% | 29% |
Company Summary
BAKER & MCKENZIE LLP is a global law firm that provides a wide range of legal services to its clients
With offices in over 45 countries, the firm has a strong international presence and is known for its expertise in various practice areas such as corporate, finance, litigation, and tax
One of the key focuses of BAKER & MCKENZIE LLP is sustainability
The firm has a dedicated sustainability program that aims to reduce its environmental impact, promote diversity and inclusion, and support the communities in which it operates
This program includes initiatives such as reducing energy consumption, promoting sustainable procurement practices, and supporting pro bono work for social and environmental causes
In terms of products and services, BAKER & MCKENZIE LLP offers a wide range of legal solutions to its clients
This includes advising on complex transactions, resolving disputes, and providing strategic legal advice to help businesses navigate the ever-changing legal landscape
The firm also offers specialized services in areas such as intellectual property, employment, and real estate
The key people at BAKER & MCKENZIE LLP include their global chair, Milton Cheng, who leads the firm's strategic direction, and their managing partner, Jaime Trujillo, who oversees the day-to-day operations of the firm
With a team of over 4,700 lawyers, the firm has a diverse and highly skilled workforce that is committed to providing excellent service to its clients
To contact BAKER & MCKENZIE LLP, individuals can visit their website at www.bakermckenzie.com, where they can find information about their services, locations, and key people
The firm's registered office address is 100 New Bridge Street, London, EC4V 6JA, United Kingdom
Overall, BAKER & MCKENZIE LLP is a leading global law firm known for its commitment to sustainability and its high-quality legal services
Company Review
Trend Analysis
The data shows that there has been a slight increase in the average time taken for BAKER & MCKENZIE LLP to pay invoices over the past three periods, with a peak in 2020 at 36 days. However, there has been a consistent trend of improvement in the percentage of invoices paid within 30 days, with a high of 77% in 2021. The percentage of invoices paid between 31 and 60 days has remained relatively stable, while there has been a significant decrease in the percentage of invoices paid later than 60 days, reaching a low of 4% in the last period. Additionally, the percentage of invoices not paid within agreed terms has also decreased consistently, with a low of 9% in 2023.
Volatility Analysis
The data shows that there has been some volatility in the average time taken to pay invoices, with a high of 36 days in 2020 and a low of 26 days in 2017. However, the volatility has been relatively low, with the average time to pay staying within a range of 5 days. The percentage of invoices paid within 30 days has also shown some volatility, with a high of 91% in 2023 and a low of 68% in 2020. The percentage of invoices paid between 31 and 60 days has remained relatively stable, while the percentage of invoices paid later than 60 days has shown a significant decrease, with a low of 4% in 2023.
Summary Analysis
BAKER & MCKENZIE LLP has seen a slight increase in the average time taken to pay invoices over the past three periods, with a peak in 2020 at 36 days. However, there has been a consistent trend of improvement in the percentage of invoices paid within 30 days, with a high of 77% in 2021. The percentage of invoices paid between 31 and 60 days has remained relatively stable, while there has been a significant decrease in the percentage of invoices paid later than 60 days, reaching a low of 4% in the last period. Additionally, the percentage of invoices not paid within agreed terms has also decreased consistently, with a low of 9% in 2023. This shows that BAKER & MCKENZIE LLP has been making efforts to improve their payment processes and pay invoices in a timely manner.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Unless specified otherwise, our firm's standard terms of settlement are 30 days from the invoice date.
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
Any disputes will be dealt with by the appropriate Business manager and the accounts team. Any delays in settlement through no fault of the supplier may be escalated to the Finance manager for further review.
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
