CLYDE & CO LLP
Company Information
- Company Number
- OC326539
- Employee Count
- 4,901
- Turnover
- £839,002,000
- EBITDA
- £205,942,000
Additional Details
- Website
- https://www.clydeco.com/en
- Industries
- Professional Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 | 17 Jul 2025 | 32 | 71% | 19% | 10% | 20% |
| 01 May 2024 - 31 Oct 2024 | 13 Jan 2025 | 43 | 63% | 23% | 14% | 26% |
| 01 Nov 2023 - 30 Apr 2024 | 14 Jan 2025 | 45 | 61% | 22% | 17% | 28% |
| 01 May 2023 - 31 Oct 2023 | 13 Jan 2025 | 52 | 42% | 36% | 22% | 42% |
| 01 Nov 2022 - 30 Apr 2023 | 13 Jan 2025 | 44 | 58% | 25% | 17% | 33% |
| 01 Nov 2021 - 30 Apr 2022 | 24 May 2022 | 36 | 74% | 17% | 9% | 26% |
| 01 May 2021 - 31 Oct 2021 | 17 Dec 2021 | 38 | 73% | 16% | 11% | 25% |
| 01 Nov 2020 - 30 Apr 2021 | 03 Jun 2021 | 41 | 64% | 28% | 8% | 31% |
| 01 May 2019 - 31 Oct 2019 | 22 Nov 2019 | 27 | 72% | 19% | 9% | 28% |
| 01 Nov 2018 - 30 Apr 2019 | 31 May 2019 | 42 | 75% | 14% | 11% | 25% |
| 01 May 2017 - 31 Oct 2017 | 30 Nov 2017 | 41 | 55% | 26% | 19% | 45% |
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
Payment terms are agreed with suppliers as part of contract negotiations. The most commonly used terms are 30 days. Once authorised by the relevant department head, trade invoices are paid when due through weekly payment runs. In line with standard procedures for law firms, payment to suppliers of client matter disbursement costs including counsels fees are made by the firm within 2 working days of the receipt of payment from clients for those costs, unless agreed otherwise 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
No additional information
Maximum contractual payment period agreed
90
Dispute Resolution Process
The firm's Accounts Payable department should be the first point of contact if a supplier has a dispute relating to payment. Complaints or concerns will be dealt with by the relevant department head, with the involvement of the Finance Director where necessary.
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
CLYDE & CO LLP is a leading global law firm that specializes in insurance, aviation, energy, infrastructure, and trade and commodities sectors. The company was founded in 1933 and has since expanded to have a presence in over 50 cities worldwide.
The firm is committed to sustainability and has implemented various initiatives to reduce its carbon footprint and promote eco-friendly practices. This includes using renewable energy sources, reducing paper consumption, and promoting virtual meetings to minimize travel.
CLYDE & CO LLP offers a wide range of legal services, including dispute resolution, insurance and reinsurance, corporate and commercial law, and regulatory and compliance advice. They also provide specialized services such as cyber risk management and crisis response.
The key people at CLYDE & CO LLP include Peter Hirst, the firm's Senior Partner, and Simon Konsta, the firm's Global Senior Partner. They lead a team of over 2,500 legal professionals who are committed to providing high-quality and innovative solutions to their clients.
For more information on their services, sustainability program, and key people, you can visit their website at www.clydeco.com. Their registered office address is 10 Aldersgate Street, London, EC1A 4HJ, United Kingdom. CLYDE & CO LLP is dedicated to providing exceptional legal services while also prioritizing sustainability and promoting environmental responsibility.
