DLA PIPER UK LLP
Company number: OC307847
Reporting period:
1 November 2021 to 30 April 2022
Report filed on:
12 May 2022
Approved by:
Simon Levine
Payment statistics
Average time taken to pay invoices: 26 days
Invoices paid:
- within 30 days: 72%
- in 31 to 60 days: 21%
- in 61 days or more: 7%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 25%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
For non-chargeable contracts our standard payments terms are 30 days from the invoice date. For chargeable contracts our standard payments terms are to pay once we have been paid. The maximum contractual payment period during the reporting period was 60 days from the date of invoice. There have not been any changes to the standard payment terms during the reporting period.
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
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
We have good relationships with our suppliers and do not generally have significant disputes relating to payments. Any queries or disputes are discussed between the supplier and the relationship contact within the business or the relationship contact within central finance to ensure that any dispute is resolved satisfactorily for both parties.
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