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Linklaters has thrown down the gauntlet to its City rivals by hiking the Legal Practice Course (LPC) maintenance grants the firm pays to its future trainees by 40 per cent.
The magic circle firm currently pays its LPC students an annual maintenance grant of £5,000 if they study in London or Oxford, and £4,500 if studying in London. But as from September 2006, this grant will be increased to £7,000.
Meanwhile, future trainees studying for a Graduate Diploma in Law (GDL) in London will see their maintenance grants increased from £5,000 to £6,000 while their peers studying in institutions outside the capital will receive £5,000.
The huge increase in Linklaters’ maintenance grants will coincide with the official launch of firm’s bespoke LPC course developed in conjunction with the College of Law’s London branch.
In March 2004 Linklaters, Allen & Overy and Clifford Chance broke away from the eight-strong City LPC consortium to sign up to bespoke courses tailored to each firm.
However, A&O and Clifford Chance currently have no plans to increase their 2006 maintenance grants. Both firms currently pay LPC students annual maintenance grants of between £4,500 and £5,000.