Global firm is latest big name to pull training deal from University of Law, following in footsteps of Allen & Overy and Clifford Chance
The London office of one of the biggest law firms in the world — which currently offers 30 trainee solicitor posts — confirmed that it was ditching the university for provision of the Graduate Diploma in Law and Legal Practice courses.
Moving the contract to arch competitor BPP will be a huge blow for the university’s new owner, 36-year-old Russian-Israeli wunderkind Aaron (sometimes known as Arkady) Etingen.
Etingen’s Netherlands-based Global University Systems announced within the last 10 days that it had paid an undisclosed sum to Montagu Private Equity for Europe’s biggest law school.
Since London-based Montagu took over the law school three years ago, ULaw has suffered some serious commercial setbacks with magic circle firms Allen & Overy and Clifford Chance, among others, shifting deals to BPP.
A Baker & McKenzie spokesman explained the move, saying “The BPP programme best matches our needs at the current time and we are looking forward to working with them.”
While a ULaw spokesman attempted to put on a brave face:
“We pride ourselves on our first rate training and this is reflected in a number of exciting new business wins, including Trowers & Hamlins, announced last week. We work with over 90 of the top 100 UK law firms and over half of the top global firms, many of whom send their trainees exclusively to The University of Law for their training.”
The University of Law has been sold for the second time in three years [Legal Cheek]