TRAVERS SMITH LLP
Company Information
- Company Number
- OC336962
- Registered Address
- 10 Snow Hill, London, EC1A 2AL
- Status
- Active
- Employee Count
- 780.0
- Turnover
- 197250000.0
- EBITDA
- 70811000.0
Additional Details
- Company Type
- Limited liability partnership
- Incorporated On
- 30 April 2008
- Industries
- Financial Services,Professional Services
- Region
- London
Company Location
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 Jul 2023 - 31 Dec 2023 | 02 Feb 2024 | 25 | 82% | 13% | 5% | 18% |
| 01 Jan 2023 - 30 Jun 2023 | 01 Aug 2023 | 26 | 83% | 13% | 4% | 17% |
| 01 Jul 2022 - 31 Dec 2022 | 10 Jan 2023 | 31 | 71% | 20% | 9% | 29% |
| 01 Jan 2022 - 30 Jun 2022 | 03 Aug 2022 | 24 | 80% | 13% | 7% | 20% |
| 01 Jul 2021 - 31 Dec 2021 | 04 Feb 2022 | 13 | 93% | 5% | 2% | 7% |
| 01 Jan 2021 - 30 Jun 2021 | 06 Jul 2021 | 13 | 89% | 6% | 5% | 11% |
| 01 Jul 2020 - 31 Dec 2020 | 08 Feb 2021 | 21 | 82% | 9% | 9% | 18% |
| 01 Jan 2020 - 30 Jun 2020 | 10 Sept 2020 | 23 | 79% | 15% | 6% | 21% |
| 01 Jul 2019 - 31 Dec 2019 | 14 Jan 2020 | 16 | 89% | 8% | 3% | 11% |
| 01 Jan 2019 - 30 Jun 2019 | 13 Dec 2019 | 20 | 86% | 8% | 6% | 14% |
Company Summary
Travers Smith LLP is a leading UK-based law firm that provides a wide range of legal services to clients across various industries
Founded in 1810, the firm has a long history of excellence and has established itself as a top player in the legal sector
The firm's core activities include providing legal advice and representation in areas such as corporate and commercial law, finance, real estate, tax, and dispute resolution
They also offer specialized services in areas such as data protection, employment law, and intellectual property
Travers Smith is committed to sustainability and has implemented various initiatives to reduce its environmental impact
These include using renewable energy sources, reducing paper usage, and promoting environmentally friendly practices among its employees
In addition to its sustainability efforts, Travers Smith also offers pro bono services to support charitable organizations and promote access to justice for all
The firm's lawyers regularly volunteer their time and expertise to provide legal assistance to those in need
The key people at Travers Smith include Senior Partner Kathleen Russ, Managing Partner David Patient, and Head of Corporate Spencer Summerfield
They lead a team of highly skilled and experienced lawyers who are dedicated to providing high-quality legal services to their clients
For more information about Travers Smith LLP and their services, you can visit their website at www.traverssmith.com
Their registered office address is 10 Snow Hill, London, EC1A 2AL
Company Review
Trend Analysis
The average time taken for TRAVERS SMITH LLP to pay invoices has fluctuated between 13 and 31 days over the last three periods. It experienced a decrease in the first period, followed by an increase in the second period, and then a decrease again in the third period. Overall, there has been a slight downward trend in the average time taken to pay invoices.
Volatility Analysis
The volatility in the average time taken to pay invoices for TRAVERS SMITH LLP has been relatively low, with the largest change being a 9-day increase in the second period. However, there has been some volatility in the percentage of invoices paid within 30 days, with a 12% decrease in the second period and a 9% increase in the third period.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Our invoices mainly use payment terms, for contracts require payment within 30 days
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
Our supplier would get in touch with the usual contact at Travers Smith to discuss the issue. The appropriate step would be taken to solve the issue.
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