Herbert Smith and Norton Rose have become the latest firms to hike their LPC maintenance grants.
Both firms, which are part of the five-strong City LPC consortium, are increasing their maintenance grants to £7,000.
Meanwhile, Freshfields Bruckhaus Deringer and Lovells, the remaining members of the City LPC consortium, have not yet announced changes to their trainee grants. However, a Freshfields source told The Lawyer that it is planning to increase its funding.
The race to hike maintenance grants was triggered by Linklaters’ announcement on 1 September that it was raising its trainee grants by 40 per cent.