RPC continues impressive performance with strong double-digit revenue and profit growth for FY15
City-headquartered law firm RPC has posted a 17% rise in profit against a 12% revenue increase for financial year 2015.
The firm's results continue an impressive story of organic growth, not just following the recession but throughout it too, with average five year compound revenue and profit growth of 11.5%, and more than 50% overall during the same period.
RPC's revenue for the 2015 financial year was £94m and its profit £31m.
RPC Managing Partner Jonathan Watmough said: "It's a credit to the exceptional work of everyone across the business that we've achieved these results in a climate which remains uncertain and challenging. We're continuing to pick up higher quality market share from other firms, and we're working smarter, too.
"We're clearly very happy with last year's results, but it's the story of sustained performance year on year that I'm most pleased with. Posting sustained growth throughout the recession without recourse to merger is a significant achievement. We remain fiercely independent and hugely protective of our culture – we wouldn't let anything compromise that.
"We've invested heavily in recruiting and developing people, listening to and understanding clients, and upgrading our systems and processes. Last year we saw the results of that investment bearing further fruit, and are confident that that trend will continue into FY16."