Company number: OC373597
and approved by Eifion Morris
Average time taken to pay invoices: 68 days
Invoices paid:
Invoices due but not paid within agreed terms: 51%
42 days
Answer not provided
The principal activity of Stephenson Harwood LLP is the provision of legal services in the United Kingdom and internationally, both directly and through its subsidiary undertakings. Stephenson Harwood's suppliers fall into 2 categories, office purchases which relate to the normal running of a business and client related disbursements which are passed on to our clients. Our standard policy is to pay all office related invoices within 42 days. As each invoice falls due they are included in the next payment run. For disbursements, such as third party lawyer fees, our standard practice is to pay these invoices within 2 days of receiving funds from our clients, in accordance with SRA Accounts Rules. Due to the variety of legal work that we perform, receipt of funds from clients may take several months to be received as it can be dependent on the completion of a transaction or a court case.
Answer not provided
N/A
42 days
No further comment provided
N/A
All invoices in dispute are passed to the appropriate team that requested the goods or services in- order for them to resolve the dispute. It may then be referred onto the senior management of the firm if necessary.
For example, signatories to The Prompt 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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No