BERRYMANS LACE MAWER LLP
Company Information
- Company Number
- OC340981
- Registered Address
- 2 New Bailey, Stanley Street, Salford, England, M3 5GS
- Status
- Active
- Employee Count
- 305
- Turnover
- £19,940,000
- EBITDA
- -£701,000
Additional Details
- Website
- https://www.blmlaw.com/
- Company Type
- Limited liability partnership
- Incorporated On
- 23 October 2008
- Industries
- Financial Services,Professional Services,Safety And Security
- Region
- North West
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 Apr 2021 - 30 Sept 2021 | 14 Oct 2021 | 48 | 34% | 39% | 27% | 34% |
| 01 Oct 2020 - 31 Mar 2021 | 29 Apr 2021 | 53 | 22% | 46% | 32% | 75% |
| 01 Apr 2020 - 30 Sept 2020 | 14 Oct 2020 | 51 | 24% | 44% | 32% | 67% |
| 01 Apr 2019 - 30 Sept 2019 | 16 Oct 2019 | 51 | 30% | 37% | 33% | 44% |
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 during contract negotiations. The most commonly used terms allow for payment within 30 to 60 days. Counsel & expert fees (Professional Disbursements) however carry different terms for settlement. In accordance with standard procedures for law firms and in accordance with Solicitors Regulation Authority (SRA) Accounts Rules, BLM pays Professional Disbursements within two days of receipt of payment from the client for those costs, unless otherwise agreed 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
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
The firm's Purchase Ledger team is the first point of call for any disputes regarding payment to suppliers. E-mails can be sent to PurchaseLedger@blmlaw.com Complaints are escalated to the relevant department head and if necessary the Finance Director.
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?
❌
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
BERRYMANS LACE MAWER LLP is a leading law firm based in the UK, with a strong focus on sustainability and social responsibility. The firm provides a wide range of legal services to clients across various industries, including insurance, healthcare, and transportation.
As part of their sustainability program, BERRYMANS LACE MAWER LLP has implemented various initiatives to reduce their environmental impact and promote social responsibility. This includes actively monitoring and reducing their carbon footprint, using sustainable materials and resources, and promoting diversity and inclusion within the company.
The firm is also committed to promoting sustainability within the legal sector, participating in various industry initiatives and promoting best practices. They have also established a dedicated sustainability team to drive their efforts and ensure continuous improvement.
In terms of products and services, BERRYMANS LACE MAWER LLP offers a comprehensive range of legal advice and support to businesses and individuals. This includes corporate and commercial law, dispute resolution, employment law, and real estate services. They also have a strong focus on technology and innovation, using cutting-edge tools and techniques to deliver efficient and effective legal solutions to their clients.
The key people at BERRYMANS LACE MAWER LLP include their managing partner, senior partners, and a team of experienced and highly skilled lawyers. They are committed to providing exceptional service and delivering results for their clients.
The firm's website (https://www.blmlaw.com/) provides detailed information about their services, sustainability efforts, and key people. Their registered office address is at 30 Fenchurch Street, London, EC3M 3BL, United Kingdom.
