RPC turns around financials after disappointing 2016/17 results
Reynolds Porter Chamberlain (RPC) has bounced back from last year’s uninspiring financial results with a double-digit revenue increase.
The firm’s revenue rose 10% to £112.7m, compared to last year’s 2% rise. Its profit per equity partner (PEP) performed even better in comparison to the previous year, with an 8% increase to £348,000, as opposed to the 11% drop to £322,000 the firm’s PEP saw last year.
RPC managing partner James Miller attributed a good deal of the successful year to the firm’s insurance management consulting practice, the very arm that had a hand in last year decrease, having lost £2.6m in 2016/17.