DECHERT PARIS LLP
Company Information
- Company Number
- OC332363
- Registered Address
- 25 Cannon Street, London, United Kingdom, EC4M 5UB
- Status
- Active
- Employee Count
- 45
- Turnover
- £35,521,000
- EBITDA
- £6,367,000
Additional Details
- Website
- https://dechert.com
- Company Type
- Limited liability partnership
- Incorporated On
- 25 October 2007
- Industries
- Professional Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
Over the past three periods, there has been a consistent decrease in the average time taken for DECHERT (PARIS) LLP to pay invoices to suppliers. This indicates an improvement in the company's payment efficiency.
Volatility Analysis
The volatility in the percentage of invoices paid within 30 days has been relatively low, with only a 2% change between the highest and lowest values. However, there has been more volatility in the percentage of invoices paid between 31 and 60 days, with a 6% change between the highest and lowest values.
Summary Analysis
From Jan 2018 to Dec 2020, DECHERT (PARIS) LLP has shown a consistent improvement in their payment efficiency, with the average time to pay decreasing from 31 days to 24 days. The percentage of invoices paid within 30 days has also increased from 70% to 73%, while the percentage of invoices paid later than 60 days has decreased from 12% to 10%. This shows a trend of early payments and a decrease in delayed payments, indicating a positive change in the company's payment practices.
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 Jul 2020 - 31 Dec 2020 | 25 Jan 2021 | 24 | 73% | 17% | 10% | 27% |
| 01 Jan 2020 - 30 Jun 2020 | 15 Jul 2020 | 24 | 71% | 20% | 9% | 29% |
| 01 Jan 2019 - 31 Dec 2019 | 29 Jan 2020 | 27 | 68% | 23% | 9% | 32% |
| 01 Jan 2018 - 31 Dec 2018 | 21 Nov 2019 | 31 | 70% | 18% | 12% | 30% |
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
Dechert's standard supplier payment terms for non-client contracts states that payment is to be made within 30 days of the vendor issuing an applicable invoice
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
Dispute Resolution Process
Payment processing is dealt with by the Accounts Payable function and any supplier payment queries that pay arise are actioned by that team. In the event they are unable to resolve the matter, the query will be discussed between the supplier and the relevant function manager or finance personnel to ensure satisfactory resolution for both the supplier and the firm.
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
DECHERT (PARIS) LLP is a global law firm with a strong presence in Paris, France. The firm offers a wide range of legal services to clients in various industries, including finance, healthcare, and technology.
In terms of sustainability, DECHERT (PARIS) LLP is committed to reducing its carbon footprint and promoting environmentally-friendly practices. The firm has implemented energy-saving measures in its offices and encourages its employees to use public transportation or carpool to reduce emissions.
DECHERT (PARIS) LLP also offers pro bono services to support charitable organizations and individuals in need of legal assistance. The firm has a dedicated pro bono team and has received recognition for its efforts in providing access to justice for marginalized communities.
The key people at DECHERT (PARIS) LLP include partners, associates, and other legal professionals who are highly experienced and knowledgeable in their respective practice areas. The firm also has a strong leadership team, including managing partner Antoine De Kermel.
To contact DECHERT (PARIS) LLP, individuals can visit their website at www.dechert.com or reach out to their registered office at 32 rue de Monceau, 75008 Paris, France. Overall, DECHERT (PARIS) LLP is a reputable and sustainable law firm that is dedicated to providing high-quality legal services while also making a positive impact in the community.
