MISHCON DE REYA LLP
Company Information
- Company Number
- OC399969
- Registered Address
- Africa House, 70 Kingsway, London, England, WC2B 6AH
- Status
- Active
- Employee Count
- 1,126
- Turnover
- £330,372,000
- EBITDA
- £127,898,000
Additional Details
- Company Type
- Limited liability partnership
- Incorporated On
- 18 May 2015
- Industries
- Professional Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for MISHCON DE REYA LLP to pay invoices has been slightly fluctuating over the past three periods, but overall has remained relatively consistent. However, there has been a slight decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid later than 60 days in the most recent period.
Volatility Analysis
The volatility in MISHCON DE REYA LLP's payment behavior can be seen in the varying percentages of invoices paid within 30 days and later than 60 days. This suggests that the company may not have a consistent payment policy and may be influenced by external factors.
Summary Analysis
Looking at the past three periods, there has been a slight decrease in the average time taken for MISHCON DE REYA LLP to pay invoices, with a decrease of 4% from the first period to the most recent period. However, there has been a decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid later than 60 days in the most recent period.
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 |
|---|---|---|---|---|---|---|
| 10 Apr 2023 - 30 Sept 2023 | 31 Oct 2023 | 52 | 49% | 22% | 28% | 53% |
| 10 Oct 2022 - 09 Apr 2023 | 03 May 2023 | 51 | 54% | 21% | 26% | 47% |
| 10 Apr 2022 - 09 Oct 2022 | 25 Oct 2022 | 50 | 49% | 24% | 27% | 51% |
| 10 Oct 2021 - 09 Apr 2022 | 27 Apr 2022 | 49 | 48% | 27% | 25% | 53% |
| 10 Apr 2021 - 09 Oct 2021 | 11 Oct 2021 | 53 | 46% | 27% | 27% | 54% |
| 10 Oct 2020 - 09 Apr 2021 | 13 Apr 2021 | 58 | 42% | 30% | 28% | 58% |
| 10 Apr 2020 - 09 Oct 2020 | 21 Oct 2020 | 59 | 39% | 33% | 28% | 62% |
| 10 Oct 2019 - 09 Apr 2020 | 04 May 2020 | 51 | 53% | 19% | 28% | 43% |
| 10 Apr 2019 - 09 Oct 2019 | 15 Oct 2019 | 43 | 59% | 17% | 24% | 43% |
| 10 Oct 2018 - 09 Apr 2019 | 03 May 2019 | 44 | 62% | 16% | 22% | 40% |
| 10 Apr 2018 - 09 Oct 2018 | 02 Nov 2018 | 40 | 64% | 16% | 20% | 36% |
| 10 Oct 2017 - 09 Apr 2018 | 03 May 2018 | 42 | 64% | 14% | 22% | 35% |
| 10 Apr 2017 - 09 Oct 2017 | 08 Nov 2017 | 44 | 64% | 14% | 22% | 35% |
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
Mishcon shall pay the charges for trade suppliers within 30 days of receipt of an accurate and valid VAT Invoice, unless agreedotherwise with a trade supplier. Mishcon shall only be obliged to make payment where Mishcon is satisfied that the work has beenperformed in accordance with agreement with the supplier. The business' standard terms relating to payment for suppliers of disbursement and counsel services are 2 business days from receipt of the payment of these costs from our clients, unless agreed otherwise 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
If there is a disagreement, Mishcon and the supplier shall negotiate and settle the disagreement. If there is no settlement within 10business days, nominated representatives of both parties shall meet to try to resolve the matter. If the matter is not resolved within 20business days (or longer as agreed by the parties), the matter may be referred to a meeting between the managing partner and managing director of both parties. If any such meeting fails to result in a settlement within 20 business days of such referral the matter may be referred to the courts
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.
❌
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
MISHCON DE REYA LLP is a leading international law firm based in London, UK. The firm offers a wide range of legal services to clients around the world, including corporate and commercial, dispute resolution, and private client services.
Sustainability is a key focus for MISHCON DE REYA LLP, and the firm has implemented various initiatives to promote environmental responsibility and social awareness. This includes reducing their carbon footprint, promoting diversity and inclusion, and supporting various community and charitable initiatives.
In terms of products and services, MISHCON DE REYA LLP offers a comprehensive range of legal solutions to meet the needs of their clients. This includes advising on mergers and acquisitions, intellectual property, real estate, and employment law, among others. The firm also has a dedicated team for private client services, providing advice on wealth management, tax planning, and family law.
Some key people at MISHCON DE REYA LLP include Kevin Gold (Executive Chairman), James Libson (Managing Partner), and Bettina Kuperman (Head of Sustainability). The firm also has a strong team of experienced lawyers and legal professionals who are committed to delivering high-quality and innovative solutions to their clients.
For more information on MISHCON DE REYA LLP, including their sustainability efforts and services, you can visit their website at www.mishcon.com. Their registered office address is Africa House, 70 Kingsway, London WC2B 6AH, United Kingdom.
