Registration Number
OC315919
Registered Address
Unknown
Company Status
Unknown
Employee Count
878
Turnover
£203,854,000
EBITDA
£34,269,000
Website
blplaw.com/Company Type
Unknown
Incorporated on
Unknown
Nature of Business (SIC)
Unknown
Industries
Legal services
Region
London£8,558,000
£138,696,000
Filed
31 Jan 2024
Period
01 Jul 2023 - 31 Dec 2023
Average Time to Pay
34 days
Payment Periods
Shortest
30 days
Longest
0 days
Max Contractual
30 days
Not Paid Within Terms
68%
| 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 2023 - 31 Dec 2023 | 31 Jan 2024 | 34 | 32% | 64% | 4% | 68% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 30 | 53% | 43% | 3% | 46% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | 33 | 44% | 50% | 6% | 56% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 33 | 49% | 45% | 6% | 51% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 24 | 68% | 27% | 5% | 32% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 30 | 50% | 44% | 6% | 50% |
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | 34 | 40% | 52% | 6% | 58% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 33 | 53% | 35% | 12% | 47% |
| 01 Jul 2019 - 31 Dec 2019 | 18 Feb 2020 | 30 | 89% | 7% | 4% | 11% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 32 | 63% | 26% | 11% | 37% |
| 01 May 2018 - 31 Oct 2018 | 20 Nov 2018 | 27 | 79% | 15% | 6% | 20% |
| 01 Nov 2017 - 30 Apr 2018 | 31 May 2018 | 26 | 81% | 13% | 6% | 17% |
| 01 May 2017 - 31 Oct 2017 | 14 Dec 2017 | 28 | 78% | 16% | 6% | 19% |
Bryan Cave Leighton Paisner LLP is a global law firm that offers a wide range of legal services to clients across various industries
The firm is committed to sustainability and has implemented several initiatives to reduce its environmental impact and promote social responsibility
The sustainability program at Bryan Cave Leighton Paisner LLP focuses on three key areas: environmental stewardship, community engagement, and responsible business practices
The firm has set ambitious targets to reduce its carbon footprint and has implemented energy-efficient measures in its offices
It also encourages its employees to participate in volunteering and community service activities
In terms of products and services, Bryan Cave Leighton Paisner LLP offers legal advice and counsel in areas such as corporate law, real estate, litigation, and intellectual property
The firm has a strong presence in Europe, Asia, and the United States, with a team of over 1,400 lawyers working from 32 offices worldwide
Some of the key people at Bryan Cave Leighton Paisner LLP include Lisa Mayhew, the firm's Managing Partner, and Steven Baumer, the firm's Global Co-Chair
Both Mayhew and Baumer are highly experienced lawyers and are actively involved in the firm's sustainability efforts
For more information about the firm and its services, interested parties can visit their website at www.bclplaw.com
The registered office address for Bryan Cave Leighton Paisner LLP is at Adelaide House, London Bridge, London, EC4R 9HA
Overall, Bryan Cave Leighton Paisner LLP is a leading global law firm that not only offers top-notch legal services but also strives to make a positive impact on the environment and society
The trend for BRYAN CAVE LEIGHTON PAISNER LLP's average time to pay invoices has been increasing steadily over the past three periods, with a slight decrease in the most recent period. However, there has been a significant decrease in the percentage of invoices paid within 30 days, with a corresponding increase in the percentage of invoices paid between 31 and 60 days and later than 60 days.
BRYAN CAVE LEIGHTON PAISNER LLP's average time to pay invoices has remained relatively stable over the past three periods, with a small dip in the most recent period. However, there has been a significant increase in volatility in the percentage of invoices paid within 30 days, with a decrease in the most recent period.
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Bryan Cave Leighton Paisner LLP pays trade suppliers within 30 days of receipt of an accurate and valid VAT invoice, unless agreed otherwise and where we are satisfied that the work has been performed in accordance with the agreement with the supplier. The firm's standard terms relating to payment for the suppliers of professional disbursement and counsel services are 2 business days from receipt of payment of those costs from our clients as required by the Solicitors Accounts Rules, unless agreed otherwise by the supplier. In calculating the above statistics we have: - used the date of the invoices as the date of receipt of the invoice. - Considered that the two above points provide fair balance as we would very rarely receive an invoice on the invoice date itself. - the firm pays the vast majority of its suppliers via electronic means therefore limiting and controlling clearing times
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
All disputes regarding payments to suppliers should be raised in the first instance with the individual with whom the contract of work has been agreed. If it cannot be resolved at that level it will be escalated to the Accounts Payable Manager.
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?
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