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 2003-2004 to 37 per cent this year.
RPC’s chief executive Adrian Martin said the firm’s corporate department had a good year, whilst its traditional strength in insurance and litigation continued.