KENNEDYS LAW LLP
Company Information
- Company Number
- OC353214
- Employee Count
- 2,260
- Turnover
- £370,008,000
- EBITDA
- £113,390,000
Additional Details
- Website
- https://kennedyslaw.com/
- 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 Nov 2024 - 30 Apr 2025 | 29 May 2025 | 86 | 12% | 44% | 44% | 53% |
| 01 Nov 2023 - 30 Apr 2024 | 21 May 2024 | 96 | 13% | 41% | 46% | 53% |
| 01 May 2023 - 31 Oct 2023 | 29 Nov 2023 | 96 | 12% | 32% | 56% | 56% |
| 01 Nov 2022 - 30 Apr 2023 | 31 May 2023 | 107 | 15% | 23% | 63% | 55% |
| 01 Nov 2021 - 30 Apr 2022 | 27 May 2022 | 104 | 16% | 27% | 57% | 48% |
| 01 May 2021 - 31 Oct 2021 | 30 Nov 2021 | 115 | 15% | 27% | 58% | 43% |
| 01 Nov 2020 - 30 Apr 2021 | 28 May 2021 | 146 | 14% | 27% | 59% | 40% |
| 01 May 2019 - 31 Oct 2019 | 29 Nov 2019 | 99 | 12% | 23% | 65% | 59% |
| 01 Nov 2018 - 30 Apr 2019 | 31 May 2019 | 106 | 10% | 21% | 69% | 55% |
| 01 May 2017 - 31 Oct 2017 | 30 Nov 2017 | 69 | 21% | 27% | 52% | 62% |
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
Our standard payment terms are that goods and services will only be paid after any issues or queries have been resolved. All invoices are subject to an approval process within their respective departments and must be authorized before they can be paid. Authorized invoices will be paid net monthly on the weekly supplier payment run, except where different payment terms have been agreed in writing with a supplier. Any agreements for reduced payment terms (less than 30 days) will need prior approval from the CFO or Group Treasurer. The weekly payment run includes all Purchase Ledger invoices that fall due at the time or by the time the next payment run is made. Payment of Counsel and other professional fees which are incurred as part of the services provided to our clients, fall outside the remit of our standard payment terms and shall be settled on a "pay when paid" basis in accordance with the SRA Accounts Rules and will be paid within 72 working hours of our invoice being settled.
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
60
Dispute Resolution Process
Any payment disputes shall in the first instance be referred to the member of staff managing the contract. If the parties are unable to reach a resolution, it may be referred to the relevant head and, where necessary, the firm's Chief Financial Officer.
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
Kennedys Law LLP is a leading international law firm with a strong focus on sustainability and social responsibility. The firm offers a wide range of legal services to clients around the world, with a special emphasis on insurance, healthcare, and aviation industries.
Their sustainability program includes initiatives to reduce their carbon footprint, promote diversity and inclusion, and support local communities. They have also committed to using sustainable and ethical practices in their operations and procurement processes.
In terms of products and services, Kennedys Law LLP provides comprehensive legal advice and representation to their clients. This includes insurance and reinsurance, healthcare, employment, and dispute resolution services. They also offer specialized services such as cyber risk and data protection, construction and engineering, and marine and energy law.
The key people at Kennedys Law LLP include their senior partners, who are highly experienced and respected in their fields of expertise. They lead a team of over 2,000 employees across 42 offices worldwide, ensuring that clients receive top-quality legal services that meet their individual needs.
Their website address is www.kennedyslaw.com, where clients can access information about their services, industries, and global reach. The firm's registered office address is located at 25 Fenchurch Avenue, London, EC3M 5AD, United Kingdom.
Overall, Kennedys Law LLP is a reputable and sustainable law firm that is dedicated to providing excellent legal services while also promoting environmental and social responsibility. Their commitment to sustainability sets them apart in the legal industry and makes them a top choice for clients seeking ethical and reliable legal representation.
