Partner profits at insurance specialist RPC have risen by 50%, in spite of ‘challenging circumstances’ for the firm’s staff and clients.
According to figures for the year ending 30 April, profit per equity partner (PEP) has risen by 50% to £643,000 while global revenue has grown by 23% to £136m. RPC’s net profit margin also rose to 35%, up from 29% the year before.
Today’s results are a marked improvement on last year, when revenue growth stalled and PEP fell 4% to £424,000.
Managing partner James Miller said: ‘These results reflect just how unbelievably hard our people have worked over this past year, and in especially challenging circumstances for many of us and our clients. The numbers speak to our high-performance culture, unwavering commitment to clients and the quality of our people at RPC.
'While the news is undoubtedly very positive for our business, they are set against a backdrop of many people – and many businesses – experiencing a very challenging year; both professionally and personally.’