Reynolds Porter Chamberlain
- UK 200 Position: 52
- Web:
www.rpc.co.uk/training - Telephone: 0203 060 6000
- Fax: 0203 060 7000
- No. of Trainees: 30
- No. of Trainee Vacancies: 15
- Training contract application deadline: 08-Aug-08
- Selection
- Individual interview: Yes
- Panel interview: No
- Assessment day: Yes
- Psychometric test: Yes
- Written exercise: Yes
- No. of Seats: 18
- Opportunities Abroad: No
- Vacation Schemes
- No. placements: 24
- Summer vacation scheme application deadline: 29-Feb-08
- GDL/CPE Intake: Variable
- GDL/CPE funding
- Fees: Yes
- Maintenance: Up to£6,500
- LPC funding
- Fees: Yes
- Maintenance: Up to £6,500
- Salary/benefits
- Start: £31,500
- Qualification: £54,000
- Season ticket loan: Yes
- Healthcare: Yes
- Pension scheme: Yes
- Life assurance: Yes
- Bonus scheme: Yes
- Gym membership: Yes
- Subsidised lunch: Yes
Firm: Reynolds Porter Chamberlain
Turnover: £57.9m
Profit per equity partner: £301K
Earnings per partner: £305K
Equity spread: £130K-£541K
Net profit: £19.2m
Profit margin: 33 per cent
Revenue per fee-earner: £244K
Revenue per lawyer: £298K
Revenue per partner: £918K
Revenue per equity partner: £0.92m
Total number of fee-earners: 237
Total number of qualified partners: 194
Total number of partners: 63
Total number of equity partners: 63
Total number of female partners: 16
Total number of female equity partners: 16
Total number of staff: 444
Leverage ratio (equity partners/fee-earners): 1:2.1
INTERNAL PROMOTIONS
2006-07: Insurance 1
2005-06: Corporate 2
2004-05: Construction 1, insurance 3
LATERALS
2006-07: Insurance 1
2005-06: Corporate 2
2004-05: Construction 1, insurance 3
Intake as percentage of partnership: 4.7
New female partners as percentage of intake: 0
Firms recruited from: Ashurst, Beachcroft, Hammonds, McGrigors
Equity structure: 64 equity partners
*Figures supplied relate to the calendar year
Practice area(s) most heavily promoted: Insurance, litigation, construction
In the past three years Reynolds Porter Chamberlain (RPC) has hired eight laterals compared with seven internal promotions. Both lateral and internal promotions have slowed recently, with only one promoted last year (the only product liability specialist in three years), but there were two lateral hires. This compares with the boom year of 2004-05 when the partnership expanded by seven – four internals and three laterals.
Insurance, litigation and construction have benefited the most, although the two 2005-06 internal promotions were both in corporate.
