Kevin Gold, managing partner of Mishcon De Reya

Mishcon de Reya and RPC have posted revenue gains in their latest financial results.

Mishcon, which recently confirmed it was mulling capital-raising strategies including a public float or a stake sale, announced a 10% growth in revenues, bringing its total turnover to £177.8 million.

Commenting on the financials, Kevin Gold, the firm's managing director since 1997, said: "It has been reported that we are exploring raising capital. No decisions have yet been made.

"However we are and will remain committed to providing opportunities for our people to fulfil their potential."

The growth heralds a continued expansion for the firm, which has increased turnover by more than 80% in the past five years. Profit per senior equity partner (PEP), however, remained steady at £1 million. 

RPC posted a more modest revenue uptick of 3.7% to £108.6 million, and has restated last year's accounts following a restructure of the firm's consulting arm, RPC Consulting.

The firm has entered into a joint venture agreement with consultancy business Marriot Sinclair, which RPC Consulting acquired in 2015. RPC Consulting and RPC will now report financials separately.

According to RPC Consulting's accounts, filed with Companies House, the practice had made an operating loss of more than £7.6 million across its first three years of operations.

However, the firm has stated that RPC Consulting this year posted a profit for the first time, although this figure was not disclosed.

Within the firm itself, PEP grew by almost 14% to £433,340 compared to last year's restated results, and profit also rose to £32.6 million.

Managing partner James Miller told Legal Week that the firm was looking to form "closer working relationships" with other international law firms, to augment its international outreach.

The move follows the firm's announcement earlier this year that it had entered into a transatlantic strategic alliance with Hinshaw & Culbertson, a U.S.-based firm with nearly 450 lawyers.