FRESHFIELDS BRUCKHAUS DERINGER LLP

PaymentCheck Score 2025
40Poor
7.5vs last year
#4067 in UK
#203 in Professional Services
#1418 in London

Company Information

Company Number
OC334789
Employee Count
5,038
Turnover
£1,792,800,000
EBITDA
£725,400,000

Additional Details

Industries
Professional Services
Region
London

Time to Pay

Average Time to Pay
47 days
Shortest Period:0 days
Longest Period:90 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
34%
31-60 Days
46%
After 60 Days
20%
Not Paid Within Terms73%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-11-29
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Nov 2024 - 30 Apr 202502 Jun 20256437%41%22%67%
01 Nov 2023 - 30 Apr 202405 Jun 20244544%40%16%66%
01 May 2023 - 31 Oct 202327 Nov 20234625%56%19%92%
01 Nov 2022 - 30 Apr 202326 May 20234045%43%12%53%
01 Nov 2021 - 30 Apr 202230 May 20223282%13%6%18%
01 May 2021 - 31 Oct 202130 Nov 20214042%42%15%60%
01 Nov 2020 - 30 Apr 202102 Aug 20213079%13%7%18%
01 May 2019 - 31 Oct 201927 Nov 20196238%20%42%73%
01 Nov 2018 - 30 Apr 201903 Jun 20195545%12%43%7%
01 May 2017 - 31 Oct 201701 Dec 20176247%14%39%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

Standard supplier payment period is 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

Payment processing is dealt with by the Accounts Payable function and any supplier payment queries that may 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/or procurement and/or relevant functional manager 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

FRESHFIELDS BRUCKHAUS DERINGER LLP is a global law firm that provides a wide range of legal services to clients around the world. They have a strong commitment to sustainability and have implemented various initiatives to reduce their environmental impact.

Their sustainability program focuses on reducing their carbon footprint, promoting diversity and inclusion, and supporting their local communities. They have set ambitious targets to reduce their carbon emissions and have implemented energy-efficient practices in their offices. The firm also encourages recycling and the use of sustainable materials in their operations.

In terms of products and services, FRESHFIELDS BRUCKHAUS DERINGER LLP offers legal advice and representation in various areas such as corporate law, finance, litigation, and intellectual property. They have a team of highly qualified lawyers who provide innovative and practical solutions to their clients' legal challenges.

Some key people at FRESHFIELDS BRUCKHAUS DERINGER LLP include the firm's global managing partner Stephan Eilers, who is responsible for the overall strategy and management of the firm, and their sustainability partner Natasha Good, who leads the firm's sustainability initiatives.

The firm's website address is www.freshfields.com, where clients can find information about their services, expertise, and global locations. Their registered office address is 65 Fleet Street, London EC4Y 1HS, United Kingdom.

In summary, FRESHFIELDS BRUCKHAUS DERINGER LLP is a leading global law firm with a strong commitment to sustainability. They offer a wide range of legal services and have implemented various initiatives to reduce their environmental impact. Their key people and contact information can be found on their website.

Financial Metrics

Cash
£58,700,000
Net Worth
-£448,500,000
Total Current Assets
£1,289,400,000
Total Current Liabilities
£629,700,000