Law Firms

RBG H1 revenues rise 53%

The company, which trades via a range of legal, litigation, and M&A brands, also saw group EBITDA climb 95.4% year-on-year to £5.2m in H1 FY21

RBG Holdings has reported a 53.2% year-on-year jump to revenues of £18.3m in the six months ended 30 June 2021.

The company, which trades via a range of legal, litigation, and M&A brands, also saw group EBITDA climb 95.4% year-on-year to £5.2m in H1 FY21.

The half year saw RBG’s legal services business double its brand portfolio with the £30m acquisition of Memery Crystal.

Together with Rosenblatt, the firms contributed to revenues from legal services and gains on litigation assets of £12.8m in the period, up from £11.7m in H1 FY20.

LionFish, the group’s litigation finance arm, gained disposal proceeds of £800,000 during the six months, and has received 393 enquiries of cases looking for finance since its launch.

Finally, Convex Capital completed eight deals in the first half of the year, creating £5m in revenues compared to £300,000 the previous year.

Nicola Foulston, CEO at RBG Holdings, said: “Our diversified revenue model is proving incredibly resilient, despite uncertain times, and we are building a strong platform from which to drive future growth.

Our legal services business, strengthened by the acquisition of Memery Crystal, continues to receive a high volume of new client instructions. We are building one of London’s premier mid-tier law firms providing quality advice to entrepreneurs and high net worth individuals.”

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