MCDERMOTT WILL & EMERY UK LLP

PaymentCheck Score 2025
92Excellent
8.3vs last year
#726 in UK
#70 in Professional Services
#350 in London

Company Information

Company Number
OC311909
Registered Address
22 Bishopsgate, London, United Kingdom, EC2N 4BQ
Status
Active
Employee Count
114
Turnover
£68,650,000
EBITDA
£27,997,000

Additional Details

Company Type
Limited liability partnership
Incorporated On
2 March 2005
Industries
Professional Services
Region
London

Time to Pay

Average Time to Pay
15 days
Shortest Period:0 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
92%
31-60 Days
7%
After 60 Days
1%
Not Paid Within Terms23%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2025-07-23
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2025 - 30 Jun 202523 Jul 20251592%7%1%23%
01 Jul 2024 - 31 Dec 202416 Jan 20252283%13%4%32%
01 Jan 2024 - 30 Jun 202416 Jul 20242084%14%3%37%
01 Jul 2023 - 31 Dec 202312 Jan 20243869%15%16%31%
01 Jan 2023 - 30 Jun 202313 Jul 20232183%12%5%34%
01 Jul 2022 - 31 Dec 202220 Jan 20232478%14%9%36%

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

McDermott Will Emery UK LLPs standard supplier paymen terms for non-client contracts are that payment is made within 30 days of the supplier issuing the invoice, unless a separate agreement is made 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

Payment terms for client related suppliers (e.g. barristers & professinal service firms) have not been included on the basis that they are only payable when we receive payment from clients.

Maximum contractual payment period agreed

60

Dispute Resolution Process

Any issues or complaints regarding a payment should be directed to the Director of Finance in the first instance by emailing LondonAccounting@mwe.com who will work to resolve the matter. If for any reason, the matter cannot be resolved, the matter may be referred to the Director of Administration where it will be investigated and dealt with in accordance with the Firm's complaint policy.

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.

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.

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?

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

MCDERMOTT WILL & EMERY UK LLP is a global law firm that provides legal services to clients in various industries, including healthcare, energy, and technology. The firm is committed to sustainability and has implemented various initiatives to reduce its environmental impact.

The firm offers a wide range of services, including corporate, tax, litigation, and intellectual property law. They also provide advice on environmental, social, and governance (ESG) matters to help clients achieve their sustainability goals.

Some of the key people at MCDERMOTT WILL & EMERY UK LLP include Stephen Hall, the Managing Partner, and David Birchall, the Head of the Energy and Infrastructure Practice.

The firm's sustainability program includes reducing energy consumption, promoting sustainable travel options for employees, and implementing recycling and waste reduction practices. They also have a pro bono program that provides free legal services to organizations promoting social and environmental causes.

MCDERMOTT WILL & EMERY UK LLP can be contacted through their website, which is https://www.mwe.com/uk/. Their registered office address is 33 Cavendish Square, London, W1G 0PW, United Kingdom.

In summary, MCDERMOTT WILL & EMERY UK LLP is a global law firm that provides legal services to clients in various industries. They are committed to sustainability and actively promote environmental and social responsibility through their services and internal practices. With a team of experienced professionals and a strong focus on sustainability, the firm is well-equipped to assist clients in achieving their goals while also making a positive impact on the environment.

Financial Metrics

Cash
£8,783,683
Net Worth
£12,152,748
Total Current Assets
£26,264,234
Total Current Liabilities
£23,283,448

Company Location