What top City firms will pay in maintenance to future SQE trainees

Monetary grants vary from £12,500 to £17,000

Top City legislation firms have begun to disclose what they will pay in maintenance to future trainees endeavor the Solicitors Qualifying Examination (SQE), with sums starting from £12,500 to £17,000.

Magic circle firms Freshfields, Linklaters and Slaughter and Might have confirmed the monetary assist they will present SQE trainee cohorts later this 12 months.

Freshfields and Linklaters will provide £17,000 in maintenance grants, while Slaughter and Might will present £16,000.

The trio are a part of the ‘City Consortium’, an influential group of six legislation firms that will ship their trainees to practice solely at BPP College Legislation College. The opposite three firms, Herbert Smith Freehills, Hogan Lovells and Norton Rose Fulbright, are understood to be reviewing their maintenance grants and will announce any updates in due course.

Past the Consortium, Clifford Probability, one other magic circle agency who’s sending its SQE trainees to The College of Legislation, final month revealed it will provide £12,500 in monetary assist. Weil Gotshal can also be providing future trainees £12,500. Anticipate extra firms to announce their monetary awards as they progress onto the SQE pathway in the approaching years.

A spate of legislation firms just lately upped the quantity of maintenance they pay their trainees on the Authorized Follow Course (LPC) by 1 / 4.

Freshfields and Slaughter and Might this month adopted Clifford Probability in rising monetary assist for LPC college students from £10,000 to £12,500, a sum already paid out by Linklaters. Ashurst and Herbert Smith Freehills quickly adopted with rises of their very own to £10,000 and £12,500, respectively.

Authorized Cheek understands strikes had been made after future trainees lobbied their firms to improve the quantity they supply in maintenance amid rising dwelling prices.

The SQE formally got here into power on 1 September 2021, turning into the brand new route to qualify as a solicitor in England and Wales. Sittings for half two of the two-part evaluation started on 11 April and are anticipated to proceed till the tip of the month. The primary SQE1 sit happened in November 2021, with simply over half (53%) of candidates making the grade.

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