Fladgate has overhauled its recruitment system and increased the number of trainees it takes on.
The Holborn-based firm previously took on four trainees per year, but only opened its recruitment window every other year (recruiting in 2015 for trainees to start in both 2016 and 2017, for example).
It is now looking for six trainees per year, and is currently hiring for 2017 and 2018 starters. After that, it will transition to the more common system of only recruiting two years in advance.
Fladgate will also now pay law school fees, something it never used to do, saying it is an attempt to attract “a more diverse range of applicants.”
It will also pay a £6,000 per year maintenance loan for those studying in London, and a £5,000 one for those in the regions.
However, it will not retroactively pay fees of students who have started or completed their Graduate Diploma in Law and/or Legal Practice Course before being offered a training contract with the firm.
The firm pays a salary of £35,000 to first-years trainees, with second-years being paid £37,000. Pay for newly qualified solicitors jumps to £60,000.
Fladgate was the first UK top 100 firm to report its financial results in 2016, posting a provisional 14 per cent rise in turnover to £42.15m for the 2015/16 financial year.
There was a 9 per cent rise in the number of trainees in 2014-15, according to statistics recently published by the Law Society.