ORRICK, HERRINGTON & SUTCLIFFE (UK) LLP
Company Information
- Company Number
- OC414172
- Registered Address
- 9th Floor 107 Cheapside, London, United Kingdom, EC2V 6DN
- Status
- Active
- Employee Count
- 117
- Turnover
- £69,417,000
- EBITDA
- £30,756,000
Additional Details
- Website
- https://www.orrick.com/
- Company Type
- Limited liability partnership
- Incorporated On
- 14 October 2016
- 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 | 24 | 80% | 15% | 5% | 23% |
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 26 | 80% | 15% | 5% | 20% |
| 01 Jan 2024 - 30 Jun 2024 | 26 Jul 2024 | 29 | 73% | 19% | 8% | 28% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 29 | 70% | 22% | 8% | 30% |
| 01 Jan 2022 - 30 Jun 2022 | 01 Aug 2022 | 22 | 80% | 17% | 3% | 20% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 27 | 64% | 33% | 3% | 36% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 27 | 64% | 34% | 2% | 36% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 24 | 71% | 25% | 4% | 29% |
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 (UK) 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 19 days and the % of invoices paid between 0 to 30 days is 83%, 31-60 days is 13% and greater than 60 days is 4%. Excluding professional disbursements, the % of invoices due within the reporting period which were not paid within the agreed terms was 20%.
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.
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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
ORRICK, HERRINGTON & SUTCLIFFE (UK) LLP is a leading law firm in the UK that offers a wide range of legal services to its clients. The firm is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
The sustainability program of ORRICK, HERRINGTON & SUTCLIFFE (UK) LLP includes using energy-efficient equipment, promoting recycling and reducing paper usage, and encouraging employees to use public transportation or carpool to reduce carbon emissions. The firm also partners with sustainable suppliers and supports community initiatives focused on environmental conservation.
ORRICK, HERRINGTON & SUTCLIFFE (UK) LLP offers a diverse range of legal services, including corporate, litigation, intellectual property, and employment law. The firm caters to a wide range of clients, including multinational corporations, financial institutions, and startups.
The key people at ORRICK, HERRINGTON & SUTCLIFFE (UK) LLP include its Managing Partner, Simon Willis, and its Senior Partner, Chris Grew. The firm's team of experienced lawyers and legal professionals is dedicated to providing high-quality and efficient legal services to its clients.
The registered office address of ORRICK, HERRINGTON & SUTCLIFFE (UK) LLP is 107 Cheapside, London EC2V 6DN, United Kingdom. The firm's website address is www.orrick.com/uk, where clients can find more information about its services, team, and sustainability initiatives.
