Clifford Chance increases financial support for incoming trainees

LPC and SQE cohorts offered £12.5k upkeep grants

Clifford Chance is providing its future trainees £12,500 in financial support through the Authorized Follow Course and Solicitors Qualifying Examination.

Up till not too long ago the magic circle agency offered £10,000 in upkeep to its LPC college students. It has elevated this sum by 25% to £12,500, matching the grant to be supplied to SQE trainees.

Authorized Cheek understands the rise applies to its present LPC cohort, who can be offered the top-up fee in Might.

CC’s present crop of trainees examine at regulation college BPP, earlier than the agency switches to rival ULaw for the LPC in July this 12 months and the SQE in 2023.

The Canary-Wharf based mostly agency is without doubt one of the largest coaching contract suppliers within the Metropolis, with an annual consumption of round 95 trainees.

Each few years, in opposition to the backdrop of rising inflation and dwelling prices, the elite regulation companies in London improve the quantity they supply in upkeep to future trainees. While prices will differ relying on pupil life, a university guide not too long ago estimated that the utmost quantity wanted for a course lasting 9 months or extra in London is £12,006.

Fellow magic circle agency Linklaters already provides future trainees £12,500 in upkeep, our Corporations Most Record reveals, while US regulation agency Sullivan & Cromwell tops the desk with £12,850.

The remainder of the magic circle, Allen & Overy, Freshfields and Slaughter and Might, in addition to various different main gamers within the Metropolis, provide £10,000 to support trainees via their research. Although we perceive that some TC holders are contemplating emailing their respective graduate recruitment groups to match CC and Hyperlinks on the £12,500 determine.

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