The firm will now provide trainees with a £10,000 allowance – a substantial increase from the previous £7,000 figure.
The increase will apply to those who started their LPC in February of this year as well as future joiners to the firm. Trainees will have to complete the vocational course at the Holborn campus of BPP Law School, and do so at an accelerated pace (seven-and-a-half months as opposed to the usual 12).
The move is one of the latest in a series of maintenance loan boosts which have been making headlines this year. Heavyweights Kirkland & Ellis and Hogan Lovells similarly upped their LPC grants to five-figures some months ago.