BRODIES LLP
Company number: SO300334
Reporting period:
1 May 2025 to 31 October 2025
Report filed on:
28 November 2025
Approved by:
David Edwards
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Average time taken to pay invoices: 25 days
Total value paid:
- within 30 days: £9,904,474 (80%)
- in 31 to 60 days: £2,359,969 (19%)
- in 61 days or more: £153,706 (1%)
Invoices paid:
- within 30 days: 88%
- in 31 to 60 days: 9%
- in 61 days or more: 3%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £3,352,900
- payments due in the reporting period which have not been paid within the agreed period: 27%
- not made in the reporting period due to a dispute: 1%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
30 days
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
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
The business representative requesting third party goods/services is initially responsible for any complaints/disputes with the supplier. The firm's Accounts Payable department should be the first point of contact if a supplier has a dispute/query relating to payment. Accounts Payable will consult with appropriate staff responsible for the expenditure in order to provide a full explanation and/or make the payment. If a query is not satisfactorily resolved, it is escalated to the Finance Manager or Finance Director . We aim to resolve any issue in a timely and collaborative manner, in order to maintain a good working relationship with stakeholders.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No