CLIFFORD CHANCE LLP
Company Information
- Company Number
- OC323571
- Employee Count
- 6,752
- Turnover
- £2,245,000,000
- EBITDA
- £967,000,000
Additional Details
- Website
- https://cliffordchance.com
- Industries
- Financial Services, Professional Services, Property, Infrastructure And Construction
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time for CLIFFORD CHANCE LLP to pay invoices has fluctuated over the past three periods, starting at 35 days in 2017-2018 and reaching a high of 99 days in 2021-2022 before decreasing to 44 days in 2023-2024.
Volatility Analysis
The volatility in CLIFFORD CHANCE LLP's payment time has been significant, with an increase of 64 days from the lowest period (31 days in 2017-2018) to the highest period (99 days in 2021-2022). The company has since decreased its average payment time by 55 days.
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 Nov 2024 - 30 Apr 2025 | 29 May 2025 | 35 | 50% | 42% | 8% | 8% |
| 01 May 2024 - 31 Oct 2024 | 28 Nov 2024 | 34 | 51% | 41% | 8% | 8% |
| 01 Nov 2023 - 30 Apr 2024 | 30 May 2024 | 41 | 45% | 41% | 14% | 14% |
| 01 May 2023 - 31 Oct 2023 | 27 Nov 2023 | 38 | 45% | 42% | 13% | 13% |
| 01 Nov 2022 - 30 Apr 2023 | 26 May 2023 | 43 | 38% | 46% | 16% | 16% |
| 01 May 2022 - 31 Oct 2022 | 24 Nov 2022 | 37 | 44% | 48% | 8% | 8% |
| 01 Nov 2021 - 30 Apr 2022 | 27 May 2022 | 80 | 48% | 41% | 11% | 11% |
| 01 May 2021 - 31 Oct 2021 | 26 Nov 2021 | 99 | 50% | 36% | 14% | 14% |
| 01 Nov 2020 - 30 Apr 2021 | 27 May 2021 | 41 | 53% | 37% | 10% | 15% |
| 01 May 2020 - 31 Oct 2020 | 19 Nov 2020 | 47 | 44% | 37% | 18% | 23% |
| 01 Nov 2019 - 30 Apr 2020 | 29 May 2020 | 35 | 52% | 40% | 8% | 11% |
| 01 May 2019 - 31 Oct 2019 | 28 Nov 2019 | 32 | 51% | 42% | 7% | 11% |
| 01 Nov 2018 - 30 Apr 2019 | 22 May 2019 | 32 | 52% | 42% | 6% | 10% |
| 01 May 2018 - 31 Oct 2018 | 28 Nov 2018 | 38 | 54% | 38% | 7% | 11% |
| 01 Nov 2017 - 30 Apr 2018 | 22 May 2018 | 31 | 54% | 41% | 5% | 9% |
| 01 May 2017 - 31 Oct 2017 | 29 Nov 2017 | 35 | 49% | 41% | 10% | 16% |
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
45 Days
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
90
Dispute Resolution Process
Contracts are managed by P2P team and any disputes are resolved as per contract terms with the help of Legal team.
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
CLIFFORD CHANCE LLP is a leading law firm based in London, United Kingdom. The firm provides a wide range of legal services to clients around the world, including corporate, finance, litigation, and real estate law.
In terms of sustainability, CLIFFORD CHANCE LLP has established a comprehensive sustainability program to minimize its environmental impact and promote responsible business practices. This includes reducing carbon emissions, promoting diversity and inclusion, and supporting pro bono work and charitable initiatives.
CLIFFORD CHANCE LLP offers a variety of services and products to its clients, including legal advice, strategic counsel, and dispute resolution. The firm's team of highly skilled lawyers are known for their expertise and experience in handling complex and high-profile cases.
Some of the key people at CLIFFORD CHANCE LLP include Jeroen Ouwehand, the Global Senior Partner, and Matthew Layton, the Global Managing Partner. They are supported by a team of over 3000 lawyers and professionals across 33 offices worldwide.
The firm's website address is www.cliffordchance.com, where clients can find information about their services, news, and insights on legal developments. The registered office address is 10 Upper Bank Street, London E14 5JJ, United Kingdom.
In summary, CLIFFORD CHANCE LLP is a highly reputable law firm with a strong commitment to sustainability and providing top-notch legal services to its clients. With its global presence and team of skilled professionals, the firm is well-equipped to handle the most complex and challenging legal matters.
