DECHERT LUXEMBOURG LLP
Company Information
- Company Number
- OC391300
- Registered Address
- 25 Cannon Street, London, United Kingdom, EC4M 5UB
- Status
- Active
- Employee Count
- 15
- Turnover
- £14,605,000
- EBITDA
- £8,720,000
Additional Details
- Website
- https://dechert.com
- Company Type
- Limited liability partnership
- Incorporated On
- 18 February 2014
- Industries
- Coming Soon
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for DECHERT (LUXEMBOURG) LLP to pay invoices has increased from 16 days in 2018 to 20 days in the second half of 2020. This shows a slight trend towards longer payment periods.
Volatility Analysis
The percentage of invoices paid within 30 days has fluctuated between 72% and 89% over the three periods, with the lowest percentage being in the last period. The percentage of invoices paid between 31 and 60 days has also fluctuated, with the highest percentage being in the second period. The percentage of invoices paid later than 60 days has remained relatively consistent at around 4%, except for a slight increase in the last period.
Summary Analysis
In 2018, DECHERT (LUXEMBOURG) LLP had an average time to pay of 16 days, with 89% of invoices being paid within 30 days and only 4% being paid later than 60 days. In the following year, the average time to pay increased to 17 days, with 87% of invoices being paid within 30 days and 3% being paid later than 60 days. However, in the first half of 2020, the average time to pay significantly increased to 23 days, with 76% of invoices being paid within 30 days and 4% being paid later than 60 days. In the second half of 2020, the average time to pay decreased to 20 days, with 72% of invoices being paid within 30 days and only 2% being paid later than 60 days. In all three periods, the majority of invoices were paid within 30 days, with the highest percentage being in 2018 and the lowest in the second half of 2020. The percentage of invoices paid later than 60 days has remained relatively consistent at around 4%, except for a slight increase in the last period. The shortest (or only) standard payment period for DECHERT (LUXEMBOURG) LLP is 30 days, which has remained the same throughout all three periods.
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 2020 - 31 Dec 2020 | 25 Jan 2021 | 20 | 72% | 26% | 2% | 28% |
| 01 Jan 2020 - 30 Jun 2020 | 15 Jul 2020 | 23 | 76% | 21% | 4% | 24% |
| 01 Jan 2019 - 31 Dec 2019 | 29 Jan 2020 | 17 | 87% | 10% | 3% | 13% |
| 01 Jan 2018 - 31 Dec 2018 | 21 Nov 2019 | 16 | 89% | 7% | 4% | 11% |
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
Dechert's standard supplier payment terms for non-client contracts states that payment is to be made within 30 days of the vendor issuing an applicable invoice
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
Payment processing is dealt with by the Accounts Payable function and any supplier payment queries that pay 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 the relevant function manager or finance personnel 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
DECHERT (LUXEMBOURG) LLP is a global law firm that provides legal services to clients across various industries. With its headquarters in Luxembourg, the firm has a strong presence in Europe, the United States, and Asia.
One of the key focuses of DECHERT (LUXEMBOURG) LLP is sustainability. The firm has implemented a sustainability program that aims to reduce its environmental impact and promote responsible business practices. This includes initiatives such as reducing paper usage, promoting energy efficiency, and supporting charitable causes.
The firm offers a wide range of legal services, including corporate and commercial law, banking and finance, tax, and dispute resolution. It also has expertise in areas such as investment funds, private equity, and real estate.
Some of the key people at DECHERT (LUXEMBOURG) LLP include partner and managing partner, François Hellot, who has extensive experience in corporate and commercial law, and partner Marc Seimetz, who specializes in tax law.
The contact information for DECHERT (LUXEMBOURG) LLP is as follows: Website: www.dechert.com/Luxembourg Registered office address: 33 rue de Gasperich, L-5826 Hesperange, Luxembourg.
In summary, DECHERT (LUXEMBOURG) LLP is a global law firm with a strong focus on sustainability. It offers a wide range of legal services and has a team of experienced and knowledgeable lawyers. Its commitment to sustainable practices makes it a socially responsible and environmentally conscious organization.
