Lord Goldsmith said he was "somewhat dismayed" that so few law firms supported the work of the City Solicitors' Educational Trust (CSET), a charity established in 1989 to raise funds and resources for undergraduate law schools.
Currently supported by 11 City law firms, the CSET has donated more than £5m to law departments over the past 13 years, with the aim of improving the number of high-quality graduates entering the solicitors' profession from cash-strapped universities.
Members of the scheme make a per capita contribution based on the number of trainees they employ. Lord Goldsmith urged more firms to take up the cause. He said: "City firms have a healthy, wealthy base on which to draw - the total fee income of the top 50 firms for 2001-2002 was £7.34bn. So if there is an objection to contributing to this worthy cause, it surely cannot be based on inability to pay."