updated on 11 April 2022
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In March, magic circle firm Clifford Chance increased its maintenance grant for the Legal Practice Course (LPC) by 25% to £12,500 to match the funding being offered to its Solicitors Qualifying Exam (SQE) trainees.
The monetary support is believed to apply to the firm’s current trainee cohort, with a top-up payment expected in May, according to Legal Cheek.
More recently, fellow magic circle firms Freshfields Bruckhaus Deringer LLP and Slaughter and May followed suit; both firms have also upped the financial support for their LPC trainees by 25% to £12,500. Current trainees will receive a top-up payment in the next few weeks.
The SQE will eventually replace the current route to qualifying as a solicitor (ie, the LPC), with several firms revealing their plans to offer SQE maintenance grants of between £12,500 to £17,000.