25% enhance to £10k
Ashurst is the newest City agency to extend financial support for future trainees enterprise the Authorized Follow Course (LPC).
Till lately the silver circle outfit offered £8,000 in upkeep to its future rookies throughout the LPC or LLM LPC, in addition to a £2,000 interest-free mortgage. It has now elevated this sum to £10,000, an uplift of 25%, and retained its interest-free mortgage providing.
Ashurst’s present trainees examine the LPC at The College of Regulation, however these becoming a member of after September 2024 will probably be required to check Ashurst’s LLM LPC which prepares college students to take a seat the Solicitors Qualifying Examination.
The uplift comes simply days after Authorized Cheek revealed magic circle duo Freshfields and Slaughter and Could had raised their respective upkeep grants by 1 / 4 to £12,500. Clifford Likelihood, in the meantime, dished out the similar enhance final month.
Earlier this yr, Ashurst boosted its base wage for newly-qualified (NQ) attorneys from £90,000 to £105,000, a wholesome rise of 17%.
The agency, which takes on round 40 trainees every year, scored an 85% spring trainee retention charge.