BRODIES LLP
Company Information
- Company Number
- SO300334
- Employee Count
- 752
- Turnover
- £106,251,000
- EBITDA
- £50,633,000
Additional Details
- Website
- https://brodies.com/
- Industries
- Professional Services
- Region
- Scotland
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 | 26 | 86% | 12% | 2% | 29% |
| 01 Nov 2023 - 30 Apr 2024 | 31 May 2024 | 28 | 83% | 13% | 4% | 33% |
| 01 May 2023 - 30 Oct 2023 | 30 Nov 2023 | 27 | 89% | 6% | 5% | 24% |
| 01 Nov 2022 - 30 Apr 2023 | 31 May 2023 | 26 | 87% | 8% | 5% | 24% |
| 01 Nov 2021 - 30 Apr 2022 | 31 May 2022 | 27 | 82% | 13% | 5% | 28% |
| 01 May 2021 - 31 Oct 2021 | 30 Nov 2021 | 30 | 83% | 11% | 6% | 27% |
| 01 Nov 2020 - 30 Apr 2021 | 31 May 2021 | 29 | 83% | 11% | 6% | 30% |
| 01 May 2019 - 31 Oct 2019 | 28 Nov 2019 | 20 | 88% | 9% | 3% | 27% |
| 01 Nov 2018 - 30 Apr 2019 | 30 May 2019 | 18 | 91% | 6% | 3% | 27% |
| 01 May 2017 - 31 Oct 2017 | 29 Nov 2017 | 27 | 75% | 20% | 5% | 25% |
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
Payment terms are agreed with suppliers as part of contract negotiations. Supplier payment terms range from "on demand" to 30 days. The most commonly used payment terms are 30 days. Once authorised by the relevant department head, trade invoices are paid when due through weekly supplier payment run closest to 30 days after the invoice date. In line with standard procedures for law firms, payment to suppliers of client matter disbursement costs including counsels fees are made by the firm within 2 working days of receipt of payment from clients for those costs, 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
No additional information
Maximum contractual payment period agreed
30
Dispute Resolution Process
The firm's Accounts Payable department should be the first point of contact if a supplier has a dispute relating to payment. The business representative who ordered the goods/services from the supplier then works to resolve with their contact at the supplier. If the parties are unable to reach a resolution, it may be referred to the relevant head and, where necessary, the firm's Finance Director.
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.
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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
Brodies LLP is one of the largest law firms in Scotland, providing a wide range of legal services to clients across various industries. The firm has a strong commitment to sustainability and has implemented several initiatives to reduce its environmental impact and promote sustainable practices.
Their sustainability program includes measures such as reducing paper usage, promoting energy efficiency, and implementing a recycling program. They also have a dedicated sustainability team that regularly reviews and updates their policies and practices to ensure they are in line with current sustainability standards.
In addition to their sustainability efforts, Brodies LLP offers a diverse range of legal services, including corporate law, employment law, real estate, and dispute resolution. They have a team of over 700 lawyers and support staff, including 98 partners, who are highly experienced and knowledgeable in their respective fields.
The firm has received numerous accolades for its services, including being named "Scotland Law Firm of the Year" for the 11th consecutive year by Chambers UK and "Legal 500 UK Law Firm of the Year" in 2019. They also have a strong commitment to client satisfaction and strive to provide efficient and effective legal solutions.
Brodies LLP's website (www.brodies.com) offers detailed information on their services, team members, and sustainability initiatives. Their registered office address is located at 110 Queen Street, Edinburgh, EH2 3ER, United Kingdom.
In summary, Brodies LLP is a leading law firm in Scotland with a strong focus on sustainability and providing high-quality legal services to their clients. Their commitment to sustainable practices, diverse range of services, and experienced team make them a reputable and trusted firm in the British legal landscape.
