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This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
The Trainee Solicitors Group (TSG) has slammed providers of the Legal Practice Course (LPC) after a survey revealed it costs over twice as much as the previous Law Society Finals (LSF).
Average LPC fees are now #5,600, compared to #2,790 for LSF when it last ran in 1992. The TSG also says LPC fees rise at twice the inflation rate.
Nick Armstrong, TSG chairman, said: "These figures are extremely worrying. The fees translate into crippling debt for students and trainees. They require explanation."
He singled out the College of Law - the largest LPC provider, accounting for just over half of all students - for extra criticism. It charges the highest fees at #6,605 and its accounts, last published in 1996, showed fee revenue was #4m more than costs. "That's #1,000 per student. They should reduce fees or justify the excess," Armstrong said.
Nigel Savage, College of Law head, said: "They spoke to just 16 out of 31 providers, and claimed our last rise was 11 per cent. It was 7 per cent. All businesses need an excess for re-investment. The TSG has an aversion to business."