Hogan Lovells will sponsor students from the universities of Durham and York and the London School of Economics (LSE) via a number of bursaries.
The City firm will share £150,000 between the institutions over the next three to five years, with up to two students from each university awarded a maximum of up to £18,000 in their first and second years.
Students will have to meet certain criteria in order to be selected as a recipient of the bursary. These criteria include being the first member of a family to have gone to university with the relationship between a student’s grades and their standard of schooling also examined.
Students will be offered mentoring and careers advice by Hogan Lovells, but will not receive places on vacation schemes or guaranteed interviews.
Durham Law School head Roger Masterman said: “This funding will help talented students, who might otherwise have to find a great deal of paid-work to supplement their education, dedicate more time to their studies and increase their chances of gaining access to the profession. It is a life-changing amount and will make a huge difference to their lives.”