Ashurst has become the highest paying City firm for students, increasing its trainee maitenance grants to £7,500 for both Legal Practice Course (LPC) and Graduate Diploma in Law (GDL) students.
The move, which will come into effect from 1 September, will see Ashurst award its LPC and GDL students £7,500, regardless of where they live in the UK.
Ashurst training principal and finance partner Nick Avery told The Lawyer the firm decided it would not distinguish between LPC or GDL students or location.
“Just because you’re a GDL student, doesn’t mean you eat less,” he said. “We sat down and came up with a number we thought was appropriate. We decided not to distinguish on location either. Our research shows that many of the students living in London live with their parents.”
“We want students to come to us because they want to work for Ashurst and not because they’re getting an extra £500, but we also want to attract the right people.”
Ashurst reviewed its maintenance grants after a number of announcements made last year that firms were going to raise their grants.
Simmons & Simmons also offers £7,500 to LPC students and £6,500 to London-based GDL students and £5,000 to GDL students outside the capital.