Reynolds Porter Chamberlain (RPC) has reported a 4 per cent increase in average profit per equity partner (PEP) as turnover breaks the £50m mark for the first time. The firm is anticipating PEP of £295,000 for the last financial year, up slightly from last year’s figure of £285,000. Meanwhile, turnover has risen 10 per cent to £51.8m. The results mean that RPC’s profit margin has slipped very slightly from 38 per cent in 2003-04 to 37 per cent this year.
First revealed on www.thelawyer.com 13 June