OSBORNE CLARKE LLP
Company Information
- Company Number
- OC397443
- Employee Count
- 1,174
- Turnover
- £217,648,000
- EBITDA
- £77,930,000
Additional Details
- Industries
- Professional Services,Safety And Security
- 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 | 30 May 2025 | 52 | 49% | 24% | 27% | 46% |
| 01 Nov 2023 - 30 Apr 2024 | 31 May 2024 | 59 | 44% | 25% | 31% | 48% |
| 01 May 2023 - 31 Oct 2023 | 29 Nov 2023 | 55 | 48% | 24% | 28% | 45% |
| 01 Nov 2022 - 30 Apr 2023 | 27 May 2023 | 57 | 45% | 25% | 30% | 56% |
| 01 Nov 2021 - 30 Apr 2022 | 25 May 2022 | 54 | 51% | 22% | 27% | 46% |
| 01 May 2021 - 31 Oct 2021 | 26 Nov 2021 | 53 | 51% | 22% | 27% | 49% |
| 01 Nov 2020 - 30 Apr 2021 | 28 May 2021 | 57 | 47% | 23% | 30% | 50% |
| 01 May 2019 - 31 Oct 2019 | 29 Nov 2019 | 45 | 57% | 21% | 22% | 50% |
| 01 Nov 2018 - 30 Apr 2019 | 31 May 2019 | 52 | 55% | 22% | 23% | 61% |
| 01 May 2017 - 31 Oct 2017 | 29 Nov 2017 | 42 | 52% | 28% | 20% | 57% |
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
The LLP does not use standard terms. Unless otherwise agreed with suppliers, the most frequently used payment terms are: • For advice and opinions provided by UK and overseas law firms and counsel that are billed to clients, payment terms are typically 30 days from invoice date. However, the majority of these services are procured on a 'paid when client pays' basis. In common with many law firms Osborne Clarke has a policy of payment within 48 hours of payment by the LLP’s client. • For all other services and goods payment terms are also typically 30 days from invoice date, payments are made every 7 days (i.e. once a week). Each payment run will include all approved invoices that become due according to supplier terms within each 7 day period. Payments are made by BACs and suppliers receive value 2 days later. The above policies have been in place for many years and there have been no changes in policy during the reporting period. The maximum payment period specified in a qualifying contract and entered into during the reporting period is 60 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
The above statistics relate solely to payments against supplier terms but as noted above the LLP has adopted defined payment policies for many years which includes overseas law firms and counsel procured on a 'paid when client pays' basis. Were those payment policies to be recognised the average number of days taken to make payments reduces significantly to 23 days, invoices paid within 30 days increases to 82%, with invoices paid in 31 to 60 days and 61 days or more reducing to 12% and 5% respectively.
Maximum contractual payment period agreed
60
Dispute Resolution Process
Payments may be delayed where the invoiced services or goods have not been received or are of poor quality. Disputes are not handled centrally by one specific team but are instead handled by the individual impacted by the supply. For example, where the services supplied are for the benefit of a client on a particular matter, the legal matter manager will engage with the supplier. Similarly, where services are supplied for the benefit of a particular Business Service it will be the relevant Business Service manager who engages with the supplier. Once resolved, payment is included in the next available payment run if due for payment
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
Osborne Clarke LLP is an international law firm that provides legal services to a wide range of clients, including multinational corporations, financial institutions, and small businesses. The firm is headquartered in London, with offices in 26 locations across Europe, Asia, and the United States.
One of the key focuses of Osborne Clarke LLP is sustainability. They have implemented a sustainability program that aims to reduce the firm's environmental impact and promote sustainable practices. This includes measures such as using renewable energy, reducing waste, and promoting sustainable travel options for employees.
In terms of products and services, Osborne Clarke LLP offers a wide range of legal services in areas such as corporate law, litigation, intellectual property, and employment law. They also have specialized teams that focus on specific industries such as technology, energy, and life sciences.
The firm is led by a team of experienced and highly qualified partners, including Ray Berg, who serves as the firm's Managing Partner. They also have a team of over 1,500 lawyers and legal professionals who work together to provide high-quality and innovative legal solutions to their clients.
For those interested in contacting Osborne Clarke LLP, their website address is www.osborneclarke.com. Their registered office address is One London Wall Place, London, EC2Y 5EB, United Kingdom.
