Future trainees to obtain £12,500 in monetary assist
Freshfields and Slaughter and Might have adopted Clifford Chance in growing monetary assist for future trainees endeavor the Authorized Apply Course (LPC) by a quarter.
The magic circle duo supplied £10,000 in maintenance to LPC college students and have now elevated this sum by 25% to £12,500.
The uplift will apply to the corporations’ present LPC cohorts, who will obtain the extra £2,500 by method of a top-up fee in the approaching weeks.
Slaughters knowledgeable college students of the rise final week, while Freshies did so this week, in line with an e-mail we’ve seen.
The corporations, that are a part of the Metropolis Consortium, ship their future trainees to review the seven-month course at BPP Legislation Faculty. Between them they tackle about 165 trainees annually.
In March Authorized Cheek reported that Clifford Chance had elevated LPC maintenance grants to £12,500, matching that already on supply at Linklaters.
Authorized Cheek understands strikes had been made after future trainees lobbied their corporations to extend the quantity they supply in maintenance amid rising residing prices.
Allen & Overy continues to pay LPC college students £10,000 in maintenance, its graduate recruitment website shows.
Final week Freshfields elevated newly certified (NQ) solicitor pay by a quarter to £125,000, setting down the marker for its magic circle rivals to follow swimsuit.
The LPC is being phased out by the brand new Solicitors Qualifying Examination (SQE) regime. Already a variety of corporations have begun to reveal what they’ll present in maintenance to SQE trainees, with sums starting from £12,500 to £17,000.