Which law firms will fund your LPC and GDL course fees and pay maintenance costs?
The promise of a generous salary is a tempting reason to become a trainee solicitor but the flipside is that qualifying is an expensive business. Non-law graduates need to cover conversion course (usually known as the CPE or GDL) fees, which range from £4,913 to £10,000 full time, and all graduates who want to become a trainee solicitor need to fund the legal practice course or LPC, which costs from £6,750 to £14,250 full time, depending on course provider and location. It’s wise to start thinking about how you’re going to finance this while still on your undergraduate degree.
Financial support from commercial law firms
The following law firms supplied the information below for our publication TARGETjobs Law 2016, which is available free from your careers service. Of the leading solicitors’ firms advertised in TARGETjobs Law, 50 sponsor their trainees and most also offer a maintenance grant to cover living costs while on your conversion course or LPC. Having this support in place can really take the pressure off and leave you free to concentrate on your course work. This year, the magic circle firms offer maintenance grants from around £7,000 but the US firms with London offices still offer the highest maintenance grants – with Dechert LLP giving their future trainees an impressive £10,000 grant while they study.
LPC and GDL sponsorship from City law firms
- Addleshaw Goddard LLP Full fees course fees for CPE and LPC plus maintenance grant of £7,000 (in London) and £4,500 (outside London)
- Ashurst LLP GDL and LPC sponsorship of £8,000 (in London) and £7,000 (outside London)
- Clyde & Co LLP Full course fees and maintenance
- CMS Full course fees and up to £7,500 maintenance
- Dentons Full course fees and £5,000 per annum (£6,000 per annum for students studying in London)
- Fieldfisher Full course fees and £6,000 maintenance
- Herbert Smith Freehills LLP LPC and GDL course fees
- Hogan Lovells Full course fees and £8,000 maintenance (GDL in London) and £7,000 maintenance (LPC students and GDL students outside London)
- King & Wood Mallesons LLP Full course fees and £7,250 maintenance
- Macfarlanes LLP Full course fees and £7,000 maintenance
- Mayer Brown International LLP Full course fees and £6,500 maintenance (£7,000 for London and Guildford)
- Norton Rose Fulbright LLP Full course fees and £7,000 maintenance
- RPC Full course fees and up to £7,000 maintenance
- Simmons & Simmons Full course fees and £7,500 maintenance (LPC); £7,000 maintenance (GDL)
- Taylor Wessing Sponsors course fees of GDL and LPC at BPP Law School; a maintenance grant is provided
- Travers Smith LLP Full course fees and £7,000 maintenance in London and £6,500 outside London
- Trowers & Hamlins LLP Full course fees and £6,500 maintenance (London)/£6,000 (regions)
LPC and GDL sponsorship from magic circle law firms
- Allen & Overy LLP Full course fees and £7,000 maintenance
- Clifford Chance LLP Full course fees and £7,000 maintenance for accelerated LPC
- Freshfields Bruckhaus Deringer Full course fees and £7,000 maintenance for accelerated LPC
- Slaughter and May Full course fees and maintenance grant
LPC and GDL sponsorship from US law firms with London offices
- Akin Gump Strauss Hauer & Feld Full LPC/GDL course fees and £8,000 maintenance
- Baker & McKenzie LLP Full course fees and £8,000 maintenance
- Cooley (UK) LLP Full LPC/GDL course fees plus maintenance
- Covington & Burling LLP Full course fees and £8,000 maintenance
- Dechert LLP Full LPC/GDL course fees and £10,000 maintenance
- Edwards Wildman Palmer UK LLP Full course fees and £6,500/£7,000 maintenance (outside/inside London)
- Jones Day Full course fees and £9,000 maintenance
- Kirkland & Ellis International LLP Full course fees and £8,000 maintenance
- K&L Gates LLP Full course fees plus £7,000 maintenance (LPC) and £5,000 maintenance (CPE)
- Latham & Watkins (London) LLP Full LPC and GDL course fees and £8,000 maintenance
- Morrison & Foerster (UK) LLP Full LPC course fees and £8,000 maintenance
- Orrick, Herrington & Sutcliffe (Europe) LLP Full course fees and £7,000 maintenance
- Reed Smith Full course fees and £7,000 maintenance
- Shearman & Sterling LLP Full course fees and £7,000 maintenance
- Sidley Austin LLP Full course fees and £7,000 maintenance
- Skadden, Arps, Slate, Meagher and Flom (UK) LLP Full course fees and £8,000 maintenance
- Sullivan & Cromwell LLP Full course fees and £9,000 maintenance
- White & Case LLP Full course fees and £7,500 maintenance
LPC and GDL sponsorship from regional and national organisations
- Burges Salmon LLP Full course fees and £7,000 maintenance
- DLA Piper LLP Full LPC/GDL course fees of up to £7,000 maintenance
- DWF LLP Full LPC course fees
- Eversheds LLP Full course fees and £7,000 maintenance in London and £5,000 outside London
- Foot Anstey LLP Up to £10,000 LPC/CPE course fees and £5,000 maintenance
- Freeths LLP Full LPC/GDL fees are paid for those on the training contract with part-time study programme
- Government Legal Service Full course fees and between £5,400 and £7,600 maintenance for the LPC
- Mills & Reeve LLP Full course fees and £4,500 maintenance
- Osborne Clarke Full course fees and £6,500 maintenance
- Penningtons Manches LLP Full LPC course fees and £5,000 maintenance
- Shoosmiths Course fees and living allowance, full details provided with offer of training contract
- Stevens & Bolton LLP Full course fees plus maintenance
To find out more about sponsorship, salaries and other benefits offered by legal employers, see our list of advertising law firms.
Support for training to become a solicitor
Many large and medium-sized commercial firms provide financial support for the LPC and the GDL but to be eligible for this you’ll have to have a training contract lined up with them and possibly attend the institution of their choice for the LPC.
US law firms with London offices tend to offer the highest maintenance grants (up to £10,000 or more) alongside their highest training contract starting salaries. Keep this in perspective: better to choose the law firm that offers the type of law you want to practise, the culture that suits your character and the location that’s best for you than be swayed too much by the size of the maintenance grant.
Financing your legal training to be a high street solicitor
Not every student will secure a training contract with a City, international, US or large regional firm – or want to. Sound financial planning is especially important for those joining smaller firms that cannot afford to pay fees. Most students in this position tend to rely on scholarships/bursaries, loans, parental support or part-time work in order to support their studies. It’s important to know how you’re going to pay for the course before accepting a place. Some smaller firms offer interest-free loans but it really does vary from practice to practice. Another alternative is that some institutions offer a two-year part-time option for both the LPC and the GDL, allowing you to keep earning while you study.
Loans and other support for training as a solicitor
If you don’t have large sums of money at your disposal, then there are other means of financing your studies.
- Law Society Diversity Access Scheme (DAS) The Law Society offers assistance with LPC fees only to 'exceptional individuals who face or have overcome exceptional obstacles to qualify as a solicitor'. The DAS has been running for over ten years and aims to address the three key barriers to fair access to a career as a solicitor: finance; professional contacts; and opportunities to gain work experience. Each of the ten DAS awardees is provided with an LPC scholarship, a professional mentor and work experience brokered by the Law Society. In 2015, the Law Society has launched an additional award, the Diversity Access Scheme PLUS (DAS PLUS). This provides a guaranteed training contract at a national law centre in addition to the LPC, placement and mentoring. Applications for the DAS open in February each year; see the Law Society website listed below for further information.
- Hardship funds When applying for the conversion course and LPC ask about any available hardship funds or bursaries at your chosen institution.
- Professional and career development loans There is a professional and career development loan scheme available for LPC but not conversion course students. These are offered by two high-street banks, Barclays and the Co-operative Bank. Application packages for these loans can be obtained by contacting the National Careers Service, rather than the individual banks, on their website below.
- The Law Society advice line The Law Society offer personal, financial, professional and employment advice via their pastoral care helpline on 020 7320 5795.