More than three-fifths (61%) of respondents to a survey by the Law Society’s Junior Lawyers Division spent more than £20,000 on their legal education, and more than a third spent at least £25,000. This is a significant rise on a survey carried out 18 months ago, which found just over a third spent more than £20,000. Most of the respondents received financial help from family members as well as student loans. One quarter of respondents had completed more than six months’ unpaid work experience. Significant financial debt forced many to prioritise obtaining paid work experience over experience in preferred areas of law.
04 December 2014
Early career work experience survey results
MOVERS & SHAKERS
Signature Litigation—Catherine Naylor
International fraud and asset recovery offering boosted by partner hire
Stevens & Bolton—Alexa Payet
Private wealth disputes team adds contentious probate specialist
Morgan Lewis—Paul Feldberg
Firm strengthens investigations and sanctions capabilities with London partner hire
NEWS
Cheshire West, which established an ‘acid test’ for deprivation of liberty safeguards, has been overturned by the Supreme Court
The Chancery Division and other segments of the High Court are to be replaced by a new Business and Property Division (BPD), in a major civil justice shakeup
Law firms that hold client money will need to file annual accountants’ reports and make a declaration, the Solicitors Regulation Authority (SRA) confirmed this week
Two district judges and a tribunal judge have been sanctioned for delays in delivering judgments and orders
Private equity (PE) investment into UK law firms halved to £250m last year, but deal volume rose, according to research by Acquira Professional Services’ Momentum private equity market tracker
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