RPC posts double-digit increases for both revenue and PEP
Reynolds Porter Chamberlain (RPC) is set to climb further up the UK top 50 rankings this year after posting a 13% increase in revenues. The firm, which broke into the top 50 iast year, has seen turnover reach £68m, up from £60.3m in 2010-11, while profits per equity partner (PEP) have grown 11% to £354,000.
July 11, 2012 at 11:45 AM
2 minute read
Reynolds Porter Chamberlain (RPC) is set to climb further up the UK top 50 rankings this year after posting a 13% increase in revenues.
The firm, which broke into the top 50 iast year, has seen turnover reach £68m, up from £60.3m in 2010-11, while profits per equity partner (PEP) have grown 11% to £354,000.
The firm's equity spread ranges from £145,000 to a high of £800,000 – a significant increase on the top line figure of £580,000 last year.
Net profit at the firm has also risen from £20.3m to £23m over the last 12 months, with revenue per lawyer increasing to £313,000, up from £302,000 in 2010-11.
The news comes after an expansive year for the firm that saw it open its first international office in Singapore in November 2011, followed by a Bristol base in January this year and the hire of a four-partner team from Clyde & Co for a Hong Kong launch next month.
RPC has an all-equity partnership, with a total of 65 partners at the firm on the last day of the 2011-12 financial year, compared with 62 the previous year.
A number of firms just outside the UK top 50 have also announced their results this week, with TLT reporting revenues of £44.5m for 2011-12, up 3% on last year's figure of £43.3m, alongside PEP of £255,000.
Meanwhile, Pannone has seen turnover fall 3% to £46.2m, while PEP has increased 8% to £224,000.
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