Score of 92.4/100 qualifies for PaymentCheck Certification
| 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 Jul 2025 - 31 Dec 2025 | 26 Jan 2026 | 17 | 89% | 8% | 3% | 9% |
| 01 Jan 2025 - 30 Jun 2025 | 23 Jul 2025 | 15 | 92% | 7% | 1% | 23% |
| 01 Jul 2024 - 31 Dec 2024 | 16 Jan 2025 | 22 | 83% | 13% | 4% | 32% |
| 01 Jan 2024 - 30 Jun 2024 | 16 Jul 2024 | 20 | 84% | 14% | 3% | 37% |
| 01 Jul 2023 - 31 Dec 2023 | 12 Jan 2024 | 38 | 69% | 15% | 16% | 31% |
| 01 Jan 2023 - 30 Jun 2023 | 13 Jul 2023 | 21 | 83% | 12% | 5% | 34% |
| 01 Jul 2022 - 31 Dec 2022 | 20 Jan 2023 | 24 | 78% | 14% | 9% | 36% |
| 01 Jan 2022 - 30 Jun 2022 | 11 Jul 2022 | 16 | 87% | 10% | 3% | 25% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
McDermott Will Schulte 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
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.
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
McDermott Will & Schulte UK LLP is the UK member of McDermott Will & Schulte, a global law firm. Its own site describes the firm as a modern, elite law firm offering legal counsel across capabilities including antitrust, corporate and transactional work, mergers and acquisitions, litigation and dispute resolution, tax, employment, intellectual property, real estate and data privacy and cybersecurity, serving industries such as health and life sciences, private equity, financial services and technology. Companies House records classify the entity under legal services. Registered as a limited liability partnership in London, it forms part of the wider international network through which the firm provides legal advice to corporate and institutional clients across multiple sectors and jurisdictions.
Generated from the company's website and Companies House records. Sources: mwe.com · mwe.com