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Chambers overtake law firms in pay battle for junior talent

"However, the £15k+ debt of the BVC is offset by those who gain pupillage prior to the BVC,as they will be awarded a certain amount of money by chambers for this year. " That's not in fact the case. Barrister v Solicitor was correct. Those who gain pupillage prior to the BVC are not awarded a separate amount of money for the year (as GDL/LPC students who gain training contracts are). Some sets, where the money allows, will allow such BVC students to draw down a part of their pupillage award in advance to cover the fees (or other costs), but they do not award more money. For e.g. a commercial set awarding say £40,000 might allow £15,000 to be drawn down early to cover fees, but then during pupillage year the award will be reduced to £25,000. As for Inn scholarships - there are quite a lot of these, and some of them are very generous and will cover BVC fees to a degree. However, by no means a majority of BVC students have scholarships, and of those that do, few will have large scholarships amounting to more than "the majority of the course fees".

13-Aug-2009

10:21 am