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Hogan Lovells bumps LPC grant by 43% to £10,000

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Matching moves by the magic circle and Herbert Smith Freehills

International law firm Hogan Lovells has increased its Legal Practice Course (LPC) maintenance grant by 43%.

The outfit’s future trainees will now receive the coveted £10,000 in living support offered by six others firms, a boost of £3,000. Hogan Lovells — which dishes out around 60 training contracts each year — confirmed the increase will apply to students who started their LPC studies in February, and those due to start the course in August.

All future rookies at the firm must complete an accelerated version of the vocational course (seven-and-a-half months instead of the traditional 12) at BPP Law School.

Crispin Rapinet, Hogan Lovells’ newly-appointed training principal, said: “Ensuring all our people have access to high quality training, support and the opportunity to progress throughout their career is an absolute priority, at every level. With 29% of our 2016/17 hires coming from social mobility backgrounds, we recognise that finances are an increasing consideration and often a barrier to pursuing a career in law.”

The 2018 Firms Most List

Rapinet, who will be speaking at Legal Cheek‘s The Future of Legal Education and Training Conference on 23 May, continued:

“In offering an enhanced level of financial support we hope to address these concerns for future potential candidates and allow our current cohort to focus on achieving their very best in their studies.”

Hogan Lovells’ money move comes just 24 hours after Herbert Smith Freehills upped its maintenance grant by the same figure. The firm cited rising living costs in London as the rationale behind the boost.

In January, Clifford Chance and Freshfields increased their grants by 43% to £10,000. Not be outdone, Linklaters, Slaughter and May and Allen & Overy quickly matched the five-figure sum. All the firms mentioned cover LPC fees, too.

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20 Comments

Anonymous

COME ON DENTONS!!

Anonymous

I heard Dentons are a second rate law firm

Anonymous

First rate for headcount tho

Anonymous

And then, Norton Rose Fulbright was left as the only one of the five Accelerated LPC consortium firms to not increase their living grant for their trainees.

HR

I’ve heard Irwin Mitchell will shortly be upping theirs to 3 custard creams and a choccy bourbon.

Anonymous

Firms:

“I’m better.”

“Nooo, I’M better!”

Forever, until they all die.

Anonymous

Dreamy

Anonymous

US firms?

Anonymous

Baker McKenzie?

Anonymous

Baker McKenzie!

2nd year non law

Is Hogan Lovells classed as a good firm? Would you need to be clever to get in? Genuine, non sarcastic question from a 2nd year non law student.

Corbyn. Sympathiser

Bugger off and do some research.

2nd year non law

I have done. It appears to be the only city firm with full coverage of the US, London and European market. It has 19 tier one rankings on legal 500 in areas ranging from the expected litigation/ finance through to areas like pensions and risk advisory. I can understand it is a top tier law firm. But my question is that size isn’t everything because slaughter and may is more prestigious than DLA Piper and Squire Patton boggs. So my question is, in the legal industry, how prestigious and impressive is Hogan Lovells as a firm?

Anonymous

Far more impressive than you have shown yourself to be as a candidate.

Corbyn. Sympathiser

Let me guess, you’re a member of the bourgeoisie, expecting a humble worker to do research for you? Not on my watch boyo.

future trainee at one of these two firms

Ok ok, this kid is confused. But answer me this, which is better HSF or Hogan Lovells

Anonymous

This is what I feel personally about the ranking (excluding US law firms)
* This is based on reputation, ranking, compensation and so on.

1st Tier: Magic Circle law firms
2nd Tier: Hogan Lovells, Herbert Smith, Norton Rose
3rd Tier: Ashurst and other Silver Circle law firms
4th Tier: ….

Anonymous

You’ve literally answered your own question? Yes, it’s a good firm. It hasn’t got the prestige of a magic circle. But it definitely has the scope of practice / geographical range / equivalent compensation, and has been consistently growing and doesn’t seem set to stop.

Anonymous

Come on BLP and TS!

FÜCKELMANN

GEIL

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