NORTON ROSE FULBRIGHT LLP
Company Information
- Company Number
- OC328697
- Registered Address
- 3 More London Riverside, London, SE1 2AQ
- Status
- Active
- Employee Count
- 2234.0
- Turnover
- 559238000.0
- EBITDA
- 169507000.0
Additional Details
- Website
- https://lma.eu.com/
- Company Type
- Limited liability partnership
- Incorporated On
- 30 May 2007
- Industries
- Professional Services
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 May 2023 - 31 Dec 2023 | 31 Jan 2024 | 31 | 70% | 19% | 11% | 30% |
| 01 Nov 2022 - 30 Apr 2023 | 24 May 2023 | 46 | 69% | 10% | 21% | 4% |
| 01 May 2022 - 31 Oct 2022 | 29 Nov 2022 | 44 | 66% | 14% | 21% | 4% |
| 01 Nov 2021 - 30 Apr 2022 | 31 May 2022 | 27 | 84% | 11% | 5% | 7% |
| 01 May 2021 - 31 Oct 2021 | 02 Dec 2021 | 29 | 68% | 27% | 5% | 10% |
| 01 Nov 2020 - 30 Apr 2021 | 28 May 2021 | 26 | 74% | 21% | 5% | 7% |
| 01 May 2020 - 31 Oct 2020 | 14 Dec 2020 | 29 | 65% | 30% | 5% | 15% |
| 01 Nov 2019 - 30 Apr 2020 | 29 May 2020 | 18 | 89% | 5% | 6% | 3% |
| 01 May 2019 - 31 Oct 2019 | 27 Nov 2019 | 21 | 84% | 8% | 8% | 3% |
| 01 Nov 2018 - 30 Apr 2019 | 31 May 2019 | 20 | 85% | 9% | 6% | 4% |
| 01 May 2018 - 31 Oct 2018 | 06 Dec 2018 | 21 | 88% | 5% | 6% | 1% |
| 01 Oct 2017 - 30 Apr 2018 | 20 Jun 2018 | 27 | 86% | 3% | 11% | 13% |
| 01 Oct 2017 - 30 Apr 2018 | 20 Jun 2018 | |||||
| 01 May 2017 - 31 Oct 2017 | 05 Feb 2018 | 41 | 40% | 22% | 36% | 41% |
Company Summary
Norton Rose Fulbright LLP is a global law firm with a strong commitment to sustainability
Their mission is to provide innovative legal solutions to clients while also promoting sustainable business practices
The firm offers a wide range of legal services in various areas such as corporate, finance, energy, technology, and dispute resolution
They have a dedicated sustainability team that advises clients on environmental, social, and governance (ESG) issues, helping them to navigate the complex landscape of sustainable business
Norton Rose Fulbright LLP has a comprehensive sustainability program that focuses on reducing their environmental impact, promoting diversity and inclusion, and giving back to the community
They have set ambitious targets to reduce their carbon footprint and have implemented various initiatives such as paperless offices and energy-efficient practices
The firm also offers sustainable products and services to their clients, including green financing, renewable energy projects, and sustainable investments
They have been recognized for their commitment to sustainability, receiving awards such as the Queen's Award for Enterprise in Sustainable Development
Some key people at Norton Rose Fulbright LLP include the Global Chief Executive Officer, Peter Martyr, and the Global Head of Sustainability and Climate Change, Martin McCann
The firm has offices in over 50 cities worldwide and can be contacted through their website, www.nortonrosefulbright.com
The registered office address for Norton Rose Fulbright LLP is 3 More London Riverside, London, SE1 2AQ, United Kingdom
With their strong focus on sustainability, Norton Rose Fulbright LLP continues to be a leader in the legal industry, providing top-notch legal services while also making a positive impact on the environment and society
Company Review
Trend Analysis
The average time for NORTON ROSE FULBRIGHT LLP to pay invoices has been steadily decreasing over the past three periods, from 41 days in 2017-2018 to 27 days in 2018-2019, and finally to 21 days in 2019-2020. However, there has been a slight increase in the average time to pay in 2020-2021, with it going up to 29 days. This trend continues in 2021-2022 and 2022-2023, with the average time to pay reaching 44 and 46 days respectively.
Volatility Analysis
The data for NORTON ROSE FULBRIGHT LLP shows some volatility in their payment patterns. There is a significant decrease in the average time to pay in 2018-2019 compared to the previous period, followed by a slight increase in 2019-2020. The percentage of invoices paid within 30 days has also fluctuated, with a significant decrease in 2021-2022 compared to the previous period, followed by a slight increase in 2022-2023. The percentage of invoices paid later than 60 days has also seen some volatility, with a significant increase in 2022-2023 compared to the previous period.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard terms are 30 days unless any differing payment terms are agreed in writing between the vendor and Norton Rose Fulbright LLP. Standard payment terms dictate that all goods and services will only be paid after any issues or queries have been resolved to the vendor and Norton Rose Fulbright LLP’s mutual agreement. All approved and due invoices are paid on a weekly cycle by BACS or other form of bank transfer. Payment of 3rd party Counsel and other professional fees that are incurred as part of the services provided by Norton Rose Fulbright LLP’s to clients fall outside of the standard payment terms, and are settled on a "pay when paid" basis in accordance with the UK SRA Accounts Rules. These “paid when paid” invoices are paid within reasonable timeframes (5 working days) of Norton Rose Fulbright LLP’s invoices to the client being paid..
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
90
Dispute Resolution Process
Any payment disputes should emailed to accounts.payable@nortonrosefulbright.com in the first instance. Should there be no satisfactory resolution within 7 working days then the dispute should be escalated to the Accounts Payable Manager.
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.
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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
