ORRICK, HERRINGTON & SUTCLIFFE (EUROPE) LLP
Company Information
- Company Number
- OC347108
- Registered Address
- 9th Floor 107 Cheapside, London, EC2V 6DN
- Status
- Active
- Employee Count
- 121
- Turnover
- £83,074,000
- EBITDA
- £28,851,000
Additional Details
- Website
- https://orrick.com
- Company Type
- Limited liability partnership
- Incorporated On
- 10 July 2009
- Industries
- Professional Services
- Region
- London
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 Jan 2025 - 30 Jun 2025 | 31 Jul 2025 | 42 | 69% | 10% | 21% | 25% |
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 57 | 82% | 8% | 10% | 15% |
| 01 Jan 2024 - 30 Jun 2024 | 26 Jul 2024 | 52 | 70% | 9% | 21% | 19% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 39 | 81% | 4% | 15% | 29% |
| 01 Jan 2022 - 30 Jun 2022 | 01 Aug 2022 | 23 | 100% | 0% | 0% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 26 | 79% | 17% | 4% | 21% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 31 | 86% | 6% | 8% | 14% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 16 | 91% | 0% | 9% | 9% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 24 | 93% | 5% | 2% | 7% |
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
Orrick, Herrington & Sutcliffe (Europe) LLP 's standard supplier payment terms for non-client contracts are that payment is made within 30 days of the supplier issuing the invoice, unless a separate agreement is made with a supplier. A significant exception to this is payment terms on professional disbursements. Professional disbursements are qualifying contracts for specialist professional advice relating to a specific client. Standard industry practice for payment for professional disbursements is once the end client has paid for the advice. Excluding professional disbursements the average time to pay in days is 40 days and the % of invoices paid between 0 to 30 days is 70%, 31-60 days is 9% and greater than 60 days is 21%. Excluding professional disbursements, the % of invoices due within the reporting period which were not paid within the agreed terms was 22%.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Client related suppliers (e.g. barristers, professional service firms) have been included, though they are only payable when we have received payment from clients.
Maximum contractual payment period agreed
30
Dispute Resolution Process
Any issues or complaints regarding a payment should be directed to the Finance Manager in the first instance by emailing 'lnaccounts@orrick.com' who will work to resolve the matter. If for any reason the matter cannot be resolved, the matter may be referred to the Office Leader where it will be investigated and dealt with in accordance with the firm's complaints policy, a copy of which can be provided upon request.
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
ORRICK, HERRINGTON & SUTCLIFFE (EUROPE) LLP is a global law firm with offices in Europe, Asia, and the United States. The firm provides a wide range of legal services to clients in various industries, including technology, energy, and finance.
Sustainability is a key focus for ORRICK, HERRINGTON & SUTCLIFFE (EUROPE) LLP, and the firm has implemented various initiatives to minimize its environmental impact. These include reducing energy consumption, promoting sustainable transportation options for employees, and implementing green building practices in its offices.
The firm also offers a range of sustainable products and services to its clients, such as advising on renewable energy projects and providing legal support for sustainable business practices. ORRICK, HERRINGTON & SUTCLIFFE (EUROPE) LLP is committed to promoting sustainable practices within the legal industry.
Key people at ORRICK, HERRINGTON & SUTCLIFFE (EUROPE) LLP include co-chairs of the firm, Mitch Zuklie and Blake Ilstrup, who both bring extensive experience in the legal industry. The firm also has a team of knowledgeable and experienced lawyers who specialize in various practice areas.
For more information on ORRICK, HERRINGTON & SUTCLIFFE (EUROPE) LLP's services and sustainability initiatives, you can visit their website at www.orrick.com. The firm's registered office address is 107 Cheapside, London EC2V 6DN, United Kingdom.
