RPC continued to defy the economic turndown in 2012-13 with its second consecutive year of double-digit revenue growth. Amid mixed results from top 50 rivals, RPC was a standout performer, posting a 7.5% increase in profits per equity partner (PEP) and a 21.8% hike in turnover, pushing it up seven places in the rankings to 42nd place. The firm's upward curve stems back to an aggressive five-year plan laid out in the wake of the 2008 collapse of Lehman Brothers. The plan, which saw partners and staff unanimously commit to heavy investment, including international expansion, strategic recruitment and modernised infrastructure, has seen the firm's top line leap from £57.9m in 2007-08 to £82.1m, while PEP has grown by almost 25% from £301,000 to £373,000 over the same period.
August 01, 2013 at 07:00 PM
1 minute read
The original version of this story was published on Legalweek
RPC continued to defy the economic turndown in 2012-13 with its second consecutive year of double-digit revenue growth.
Amid mixed results from top 50 rivals, RPC was a standout performer, posting a 7.5% increase in profits per equity partner (PEP) and a 21.8% hike in turnover, pushing it up seven places in the rankings to 42nd place.
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