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.”