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RBG Holdings boosted by contingency work and election result

The group, better known as Rosenblatt, said the dispute resolution arm had a good year

Rosenblatt Group Plc -
Contingent work revenue rose to £2mln

More contingency work kept litigation-focused law firm RBG Holdings PLC's (LON:RBGP) revenues on track over the past year.

Results will meet market expectations and be significantly ahead of 2018, the statement said.

The group, better known as Rosenblatt, added the dispute resolution arm had a good year, which allowed it to take on more contingent fee cases.

Contingent revenue rose to £2mln - these are only booked when there is an outcome to a case.

December’s General Election result has also sparked a significant revival in corporate work, which had been subdued by Brexit.

Nicola Foulston, chief executive, said: "2019 has been a year of substantial progress, with the group continuing to perform well in a challenging business environment.

"2020 already looks promising, especially in our corporate division, where there has been a pickup in activity post the election."

RBG added that chairman Stephen Davidson has decided to step down and will be replaced by Keith Hamil, a seasoned chairman and non-executive director.

Quick facts: Rosenblatt Group Plc

Price: 93.16 GBX

AIM:RBGP
Market: AIM
Market Cap: £79.74 m
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