Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
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.
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.
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.
| 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 Jan 2025 - 30 Jun 2025 | 07 Oct 2025 | 28 | 77% | 12% | 11% | 23% |
| 01 Jul 2024 - 31 Dec 2024 | 24 Jan 2025 | 18 | 88% | 7% | 5% | 12% |
| 01 Jan 2024 - 30 Jun 2024 | 25 Jul 2024 | 30 | 92% | 4% | 4% | 8% |
| 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% |
This information is as reported by the business, and responses are in their own words.
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 information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
30
Any disputes will be dealt with by the appropriate Business manager and the accounts team. Any delays in settlement thought no fault of the supplier may be escalated to the finance manager for further review.
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
BAKER & MCKENZIE LLP is an active limited liability partnership, incorporated on 1 February 2005, based in the London region.
From Companies House records.