Dechert and White & Case boost maintenance grants

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Dechert and White & Case have become the latest in a string of firms to hike the LPC maintenance grant for their future trainees.

Both firms plan to pay a 7,000 grant to students embarking on the LPC in September 2006.

Meanwhile, Jones Day, Mayer Brown Rowe & Maw and Shearman & Sterling have indicated that they are also reviewing their grant levels.

Earlier this month, US firm Cleary Gottlieb Steen & Hamilton’sLondonarm became the highest-paying firm for maintenance grants, after increasing its rate from 5,000 to 8,000 from next September.

The surge of firms hiking their trainee grants follows Linklaters’ lead in raising its grants by 40 per cent, from 5,000 to 7,000 for future trainees studying the LPC in London and Oxford.

Meanwhile,future Linklaters trainees studying for the GDL in London will see their maintenance grants increase from 5,000 to 6,000.

Linklaters’ decision to boost its maintenance grants was quickly followed by rival firms Allen & Overy (A&O), Clifford Chance and Norton Rose announcing plans to increase their LPC grants to 7,000.

Lovells, however, trumped its City rivals by boosting both the LPC and GDL maintenance grants to 7,450 for students in London. It is understood that Slaughter and May’s maintenance grant is equal to Lovells’.

In March 2004, A&O, Clifford Chance and Linklaters broke away from the eight-strong City LPC consortium to sign up to bespoke courses, while Freshfields Bruckhaus Deringer, Herbert Smith, Lovells, Norton Rose and Slaughters retained BPP law school as their exclusive supplier for the LPC.