Exclusive: RPC Law Firm to Lose Mike Ashley's Key Legal Advisor
In a significant development for the City's legal landscape, law firm Reynolds Porter Chamberlain (RPC) is set to lose one of its most prominent and high-billing lawyers, Jeremy Drew, who has served as a long-term advisor to retail billionaire Mike Ashley. The departure marks the end of Drew's nearly two-decade tenure at the firm, where he co-led the retail and commercial department.
A Major Loss for RPC's Corporate Practice
Jeremy Drew has been instrumental in representing Mike Ashley, the owner of Frasers Group, across numerous high-profile legal matters. According to sources familiar with the firm's operations, Drew is considered a "rainmaker" at RPC, with Ashley being one of the firm's most important corporate clients. Over the years, RPC has billed the retail magnate approximately £12 million for legal services.
Drew's legal expertise has been crucial in several notable cases, including Ashley's attempts to gain control of the department store chain Debenhams between 2019 and 2020. More recently, Ashley has been involved in a retail dispute with online fashion retailer Asos, where his Frasers Group voted against resolutions at Asos's general meeting last month.
RPC's Financial Performance and Leadership Changes
The departure comes as RPC continues to demonstrate strong financial performance. According to accounts filed with Companies House, the firm generated £173 million in turnover during the 2025 financial year, representing a 3 percent increase from the previous year. The estimated profit attributable to the highest-paid member rose to over £2 million, up from £1.5 million in 2024.
In May 2025, RPC appointed Antony Sassi from its Hong Kong office as managing partner, signaling a strategic shift in leadership. While Drew's next career move remains undisclosed, sources indicate he will remain within the legal profession.
Official Statement and Future Implications
When contacted for comment, an RPC spokesperson confirmed: "We can confirm that Jeremy Drew will be leaving the RPC partnership. We thank him for his contribution to the success of the firm and wish him well in his future endeavors."
The loss of such a high-profile lawyer raises questions about RPC's ability to retain major corporate clients like Mike Ashley and underscores the competitive nature of London's legal market, where top talent frequently moves between firms.
