UK firm RPC posts 20% jump in revenue
RPC is performing strongly in tough economic conditions, posting a 20% rise in revenues - from £68m to £82.1m. The results follow 13% growth in the previous financial year, meaning that the firm has increased its takings by a huge 36% over the last two years compared with a 2010-11 equivalent of £60.3m.
New PEP figures are not yet available, but the firm raised PEP by 10.6% in 2011-12 to £354,000.
The firm has been in rapid-expansion mode, launching in Bristol in February 2012 with the hire of a 28-strong team from CMS Cameron McKenna, adding a Hong Kong office after the hire of a five partner team from Clyde & Co, and launching in Singapore in October 2011.
RPC managing partner Jonathan Watmough said: "Clearly we're very pleased with these figures, not least because the lion's share of this growth is organic, with the expected uplift from our recent expansion in Asia and the UK yet to flow through.
"We could see as early as the year before last that strong momentum was building, and that many of the string of strategic investments that we'd made between 2008 and 2011, coupled with our fundamental reengineering of the firm, were starting to pay off significantly.