City reacts to Conservative manifesto

City reacts to Conservative manifesto

Theresa May’s pledge to scrap the Serious Fraud Office (SFO) and incorporate it into the National Crime Agency (NCA) has dominated the City’s reaction to the release of the Conservative Party manifesto, which also makes clear the need for proper approval of bidders on M&A transactions.

The takeover policy outlines the need to update the rules on M&A in order to apply greater scrutiny on potential bidders. The manifesto states: ‘We will update the rules that govern mergers and takeovers. This will require careful deliberation but we can state now that we will require bidders to be clear about their intentions from the outset of the bid process; that all promises and undertakings made in the course of takeover bids can be legally enforced afterwards; and that the government can require a bid to be paused to allow greater scrutiny.’

One City corporate partner suggested this could make way for a Foreign Investment Board in a similar vein to Australia. ‘They’re just planting the idea to get people used to it. The Americans and the Australians have a foreign investment approval process and perhaps that’s the intention here.’

As regards the judiciary, the manifesto also states an intention to ‘modernise our courts, improving court buildings and facilities and making it easier for people to resolve disputes and fight justice.’ Among the other key policies for law and business include repealing section 40 of the Crime and Courts Act 2014, which, if enacted, would force media organisations to pay the legal costs of both sides in libel and privacy cases, even if they win.

There has been some debate among partners over the SFO cull, with Baker McKenzie dispute resolution partner Jonathan Peddie describing it as a ‘big leap forward.’ He adds: ‘The proposal reflects the move towards intelligence-driven, holistic law enforcement which has developed apace since the Crime and Courts Act 2013. Placing fraud, bribery (including the DPA jurisdiction), money laundering, serious organised crime and terrorist finance strategies all under one roof recognises the need for a single strategy for an interwoven set of threats.’

However Kingsley Napley veteran litigator Stephen Parkinson takes a different view, describing Peddie’s comments as ‘a triumph of hope over experience.’ Parkinson adds: ‘In my experience, when you get major organisational change, it always leads to paralysis. The NCA’s focus is not on economic crime, it has absolutely no track record. The way you investigate and prosecute serious and complex fraud is very different from the way you investigate organised crime. The NCA is an unknown entity in this respect.’

Michael Potts, managing partner of Byrne and Partners added: ‘It is no surprise that the drive to abolish the SFO has resurfaced in the Tory manifesto. Theresa May has repeatedly proposed folding its business into the NCA. In that respect, who remembers the Assets Recovery Agency that was abolished and folded into SOCA and then the NCA? The real risk of such an abolition is that it will cause the momentum of the proper prosecution of serious fraud and corruption/bribery to stall just when the SFO is getting some traction.’

Key Conservative party policies at a glance:

Brexit

• Leave the European single market

• Pursue free trade with European markets and secure new trade agreements with other countries

• Secure the entitlements of EU nationals living in Britain and British nationals living in the EU

• Replicate all existing EU free trade agreements

Taxation and the economy

• Increase the personal tax allowance to £12,500 and the higher rate of tax to £50,000 by 2020

• A referendum for local residents to veto high increases in Council Tax

• No increase to VAT

• Guaranteed annual increases in the state pension through a new double lock to be introduced in 2020

Business

• Double the Immigration Skills Charge levied on companies employing migrant workers to £2,000 a year

• Listed companies will have to publish rate of executive pay to broader UK workforce pay

• Maintaining Corporation Tax fall to 17% by 2020

• Reform the business rates system

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This article first appeared on The Lex 100‘s sister publication, Legal Business.

Travers Smith announces first ever all-female partner promotion round

Travers Smith announces first ever all-female partner promotion round

Travers Smith has unveiled its partner promotions for 2017, with four female associates making the cut. The number is slightly less than last year, when six associates (two of whom were women) were made up.

The new partners will assume their roles on July 1 2017, and all offer a different expertise. Heather Gagen has been made up in dispute resolution, possessing extensive experience as a commercial litigator. Gagen’s practice is broad and includes acting on shareholder claims and fraud cases.

Hannah Manning has been promoted to Travers’ tax department, specialising in tax on private equity transactions. Manning recently advised the management team of Source Holdings on its sale to investment managers Invesco UK.

Emma Havas will become a partner in the firm’s private equity practice. Havas advises clients such as Treehouse Group and Camden Ventures on matters such as group simplifications, management incentive plans and bolt-ons.

Travers’ real estate team has been broadened with the promotion of Emma Pereira. Pereira advises real estate funds on high-value investments and carries experience in the retail, student accommodation and logistics sectors.

Travers’ senior partner Chris Hale (pictured) commented: ‘We are excited not just to be able to promote these talented lawyers to the partnership, but to have our first ever female cohort of new partners. Each individual has demonstrated a strong track record of delivering an outstanding service to clients and we are confident they will each play an important part in the future success of both the teams in which they work and the firm as a whole.’

Elsewhere, Taylor Wessing also posted a slightly reduced promotion round as the firm made up ten partners, down on last year’s 15. RPC has promoted one more than last year, making up four partners to the firm’s London office.

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This article first appeared on The Lex 100‘s sister publication, Legal Business.

Monday round-up, 15 May

Monday round-up, 15 May

Need help with commercial awareness? The Lex 100 rounds up some of the week’s interesting stories.

Microsoft warns ransomware cyber-attack is a wake-up call – BBC

AirAsia to launch China joint venture – BBC

Lyft strikes self-driving deal with Google’s Waymo – BBC

BP shareholders urged to reject executive pay package – The Guardian

Business leaders want next government to build two more runways – The Guardian

Fourth deficit rule in four years risks undermining faith in targets, economists warn – The Telegraph

‘Competitive remuneration key’: White & Case hikes associate pay with NQs seeing a 17% increase

‘Competitive remuneration key’: White & Case hikes associate pay with NQs seeing a 17% increase

White & Case‘s London associates have seen a significant increase in their pay with the US firm awarding its newly qualified (NQ) associates with a £15,000 pay hike for 2017.

NQs will see a 17% increase to their salaries taking home £105,000. Those lawyers with one year’s post-qualified experience (PQE) have seen a 16% raise from £95,000 to £110,000. Two years’ PQE take home pay has seen the largest percentage increase, up 19% to £120,000.

By the time White & Case‘s lawyers reach three years’ PQE, their pay becomes discretionary, with the firm saying it expects remuneration to be as competitive as banded pay levels. The firm’s bonus arrangements for its lawyers in London are separate to their salaries, which are paid out after White & Case’s financial year end.

Trainees also saw a bump in their pay, receiving a £2,000 increase. First year trainees will take home £46,000, while second years will take home £50,000.

A statement from the firm said: ‘Student debt, increasing inflation and the high cost of living in London make competitive remuneration key for the brightest young lawyers in considering their career options. In this environment, and following discussions with partners and feedback from our London employee committee, White & Case has significantly increased its legal salary grid for 2017 in London, including an increase for our trainees. The increase in the legal salary grid is a positive change which also reflects the strong performance of the firm globally and of our people in London.’

White & Case’s London office saw a 4% increase in revenue to around $290m in 2016 with global revenues moving up 7% to $1.63bn, up significantly on last year’s 1% rise to $1.52bn. Profits per equity partner also jumped by 2% to $2.05m up on last year’s $2.02m. Revenue per lawyer saw a 5% increase to $833,000 after 2015’s dip of less than 1%.

White & Case’s NQ pay follows Shearman & Sterling‘s UK pay increases, which were announced earlier this month. Shearman’s NQ pay rose by 10.5% from £95,000 to £105,000 with mid-level associates receiving a 9.5% bump in their pay from £126,000 to £138,000. The start of the senior associate salary band has risen by 5.6%, up to £165,000 on last year’s £156,000.

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This article first appeared on The Lex 100‘s sister publication Legal Business.

Monday round-up, 8 May

Monday round-up, 8 May

Need help with commercial awareness? The Lex 100 rounds up some of the week’s interesting stories.

Emmanuel Macron defeats Le Pen to become French president – BBC

Dulux owner Akzo Nobel owner rejects third PPG takeover bid – BBC

EU immigrants vital to UK economy, CBI warns – The Telegraph

British Gas owner to axe 1,500 jobs and warns against energy price caps – The Guardian

Mine the gap: Transport for London hopes to profit from licensing its brand overseas – The Guardian

Facebook deletes thousands of UK accounts in crackdown on fake news – The Telegraph

News round-up, 5 May

News round-up, 5 May

Need help with commercial awareness? The Lex 100 rounds up some of the week’s interesting stories.

Uber faces criminal probe in US over ‘greyball’ code – BBC 

Shake Shack shares fall after sales go cold – BBC

Google settles huge £259m tax bill to end criminal investigation into alleged avoidance – The Telegraph

KPMG’s audit of Rolls Royce accounts probed by regulator – BBC

Brexit will ‘stall’ City, says Goldman Sachs chief – The Guardian

Pfizer to give out breast cancer drug free while awaiting NHS decision – The Guardian

The Lex 100 Regional View: Southern Draw

The Lex 100 Regional View: Southern Draw

Having covered more miles than a general election canvasser, Lex completes its review of the regions in the South of England (excluding London), where trainees enjoy a healthy work-life balance and top-notch career prospects. Report by Kate Durcan.

The sun really does appear to shine on trainee solicitors in the South of England: tales of leaving the office at 6pm (regularly) and hitting the beach, or the New Forest by bike, or perhaps cocktails along Exeter’s historic Quayside, are fact, say current trainees, and not the hyperbole of glossy recruitment brochures and websites. Indeed, trainees at regional law offices in the South East and South West – from Kent to Cornwall – appear to have it all: exposure to major-league clients and enviable work experience due their proximity to London, and a high quality of life that living outside the congestion of the Capital inevitably brings.

‘The work-life balance here is fantastic,’ reports Emily Baker, trainee at the Southampton office of national firm Irwin Mitchell, where she was a paralegal prior to commencing her training contract. ‘I have been in this office for two-and-a-half years and can count on one hand the number of times I have had to work past 6pm. In fact, 6pm would be considered late! The work-life balance is really strong here, and even my training principal encourages me to go home.’

The trend for both clients and law firms to wake up to the benefits of locating to the regions continues, as London struggles with lack of both office space and housing for employees, as well as an overwhelmed and super-expensive public transport system. Berwin Leighton Paisner is the latest London-headquartered firm to offer training contracts in the regions, albeit in Manchester, commencing this September, while the Southern regions are home to numerous Top-100 law firms (see Boxes). In terms of clients, a roll-call of the UK’s largest companies are located in the South: Imperial Tobacco Group (Bristol); Pfizer (Surrey); ExxonMobil (Surrey); IBM (Portsmouth); Npower (Swindon); EDF Energy (Gloucester); Rolls Royce (Chichester); Nestlé (Gatwick); not to mention the M4 corridor, known as ‘Silicon Alley’, which is home to tech giants Vodafone, Microsoft and Oracle among others.

Bright future

It isn’t just the work-life balance that is attracting trainees to the regions. Many see their long-term career prospects to be greater in legal markets that are growing, such as in Southampton, Exeter and Reading, for example. ‘The opportunities in the regions are greater,’ predicts Emily, ‘because London is a more established legal market; in Southampton, the legal market is growing. Trainees looking to apply here will see their career take off more quickly.’

Jessica Tallon is in her second seat at Ashfords’ Exeter office. Among her reasons for choosing the firm was the long-term potential: ‘The firm is really growing. At interviews, other firms didn’t have a lot to say about where they were going in the future, whereas Ashfords had just opened a London office and been granted ABS (alternative business structure) status.’ She continues: ‘I get a lot more internal training than my friends in London. I feel that there’s more investment in trainees here, you’re treated as a long-term prospect and you’re expected to grow with the firm, whereas in London it is normal to move on after a few years.’

SOUTH EAST (Thames Valley, M4 corridor, Oxfordshire and Home Counties)
Leading firms* – B P Collins, Blake Morgan, Bond Dickinson, Charles Russell Speechlys, Clyde & Co, Cripps, Dentons, EMW Law, Freeths, Irwin Mitchell, Osborne Clarke, Penningtons Manches, Shoosmiths, Stevens & Bolton, Thrings
Local clients: Pfizer, Bayer UK, BP, ExxonMobil, Lockheed Martin, BAE Systems, QinetiQ, Unipart, McLaren, Rolls Royce, IBM, Microsoft, Vodafone, Dell UK, Oracle, Mars, Proctor and Gamble, Unilever.
Average monthly rent, one-bed flat: £900 (Guildford); £785 (Reading); £620 (Southampton)
Cost of a pint: £3.60

*Source: The Legal 500 UK. For a full list of leading firms in all the UK regions, go to www.legal500.com

Spotlight on: Osborne Clarke
Where? Bristol, Reading; plus London and 19 international offices
Number of trainees: Total: 39; Bristol: 20; Reading: 4
Trainee salaries: £34,750 – £36,750 (Bristol); £40k – £42k (Reading) 
NQ salaries: £48k (Bristol); £51k (Reading)

Spotlight on: Irwin Mitchell
Where? Bristol, Chichester, Gatwick, Newbury, Southampton; plus London, Birmingham, Cambridge, Glasgow, Leeds, Manchester, Middlesbrough, Newcastle and Sheffield 
Number of trainees: Total: 110; South Stream (Chichester, Gatwick, Newbury and Southampton): 15
Trainee salaries: £25k – £27k (regions) 
NQ salaries: £34k – £39k (regions), dependent on office and division

Spotlight on: Charles Russell Speechlys
Where? Guildford, Cheltenham; plus London and six international offices
Number of trainees: Total: 50; Guildford: 8; Cheltenham: 5
Trainee salaries: £31k – £32k (Guildford); £27.5k – £28.5k (Cheltenham)
NQ salaries: £48k (Guildford); £41k (Cheltenham)

Investment in your career is a point echoed by another Exeter-based trainee, Jo Cowen at Michelmores. She says: ‘The client contact here is great, and Michelmores really cares about your professional and personal development, you’re not just a number. There is so much support at every level, and the trainee intake is small enough that you don’t feel that you have lost your identity.’

The size of annual trainee intakes is another key advantage to regional training contracts, say trainees. Intakes can be as large as 80-100 in a single-site at the Magic Circle, for example, whereas recruitment numbers are typically smaller in the regions, leading to a host of advantages such as more personal training, great exposure to clients and challenging work. Anna Mattingley recently qualified into the corporate department at Osborne Clarke’s Reading office, having changed careers from a non-legal role in a large technology company. When choosing where to train, she recalls: ‘I went and shadowed a fee earner at a Magic Circle firm and thoroughly enjoyed my day; the matters there were fascinating. However, I had come from a background with a lot of responsibility, so I was worried I would feel lost in the size of the firm or that I’d struggle to be one of a large intake. At OC in Reading, I am just one of two in my intake, with only three in the intake below.’

Big fish, small pond

Now a newly-qualified solicitor, team size remains a key factor for Anna. She says: ‘I really enjoy being part of a large team that operates in smaller teams comprising of a partner, another fee earner and a more junior resource, allowing you to experience all aspects of the matter rather than simply the discrete tasks you may be required to assist on. I knew that was the type of environment I would flourish in.’

‘In terms of work, you get the chance to take on a lot of responsibility with clients,’ echoes Matt Atkinson, a second-seat trainee at TLT in Bristol. ‘So in my first seat, I was the first point of day-to-day contact for the client, which was a major public sector body. I don’t think this would happen so much in London. Also, there are smaller teams here, so the work that filters down to trainees is of a higher calibre.’

Smaller trainee intakes also mean greater camaraderie, and less competition, among trainees, according to Matt: ‘I have friends at large London firms and it’s almost cutthroat between the trainees. It’s not like that here at all. There is usually only one trainee per department, so there is a genuinely supportive environment between the trainees.’

Trainee Stuart Willis at Ashfords in Taunton, Somerset, highlights the high level of partner contact at his firm: ‘Partners are definitely more approachable here. The partner I’m working with at the moment will take time out of his schedule to talk me through things and teach me what I need to know. The partner-trainee contact here is really, really good and there couldn’t be any more client contact than there is already.’

New territory

Don’t think for one minute that you have to be from a particular region in order to lay your hat there. Matt originates from Manchester, but chose to join TLT in Bristol after being impressed by the firm while working as a paralegal for its client Barclays. ‘I had an open mind on location. The main thing for me was I wanted to work at a firm where I would genuinely fit in. I wasn’t bothered about the ‘name’, but I wanted to go where I would get along with the people.’

However, without ties to a location, you will have to convince recruiters that you have a genuine interest in their firm and commitment to the area. Polly Dallyn is in her fourth seat at Charles Russell Speechlys’ Guildford office, and offers this sound advice: ‘Make sure you know the place well and have good reasons for being there. Firms want to see that you actually want to work there and you’re not just trying your luck outside London. Most applications will ask why you want to be in [that region] and you need to have solid answers, particularly if you’re not from there.’

SOUTH WEST (Bristol, Cheltenham, Swindon, Exeter, Plymouth, Taunton )
Leading firms* – Ashfords, Bond Dickinson, Burges Salmon, Charles Russell Speechlys, Clarke Willmott, DAC Beachcroft, Foot Anstey, Harrison Clark Rickerbys, Michelmores, Osborne Clarke, TLT, Thrings
Local clients: Imperial Tobacco, Airbus, EDF Energy, PPL UK Distribution, Intel Corporation, Honda, WH Smith, Zurich Assurance, GE Aviation Systems, Hargreaves Lansdown, YEO Valley, Student Loans Company, Bristol Water, Yankee Candle Company, The Unite Group
Average monthly rent, one-bed flat: £750 (Bristol); £637 (Exeter)
Cost of a pint: £3.70 (Bristol); £3.50 (Exeter)

*Source: The Legal 500 UK. For a full list of leading firms in all the UK regions, go to www.legal500.com

Spotlight on: Burges Salmon
Where? Bristol, London 
Number of trainees: Total (all based in Bristol): 56
Trainee salaries: £35k – £36k
NQ salary: £47k

Spotlight on: Michelmores
Where? Bristol, Exeter; Sidmouth; plus London 
Number of trainees: Total: 15; Bristol: 2; Exeter: 13
Trainee salaries: £24k – £26k
NQ salary: £38k

Spotlight on: Foot Anstey
Where? Bristol, Exeter, Plymouth, Southampton, Taunton, Truro
Number of trainees: Total: 21; Bristol: 11; Exeter: 6; Plymouth: 3; Taunton: 1
Trainee salaries: £27k – £28.5k
NQ salaries: competitive

Spotlight on: Ashfords
Where? Bristol, Exeter, Plymouth, Taunton, Tiverton; plus London
Number of trainees: Total: 24; Bristol: 4; Exeter: 12; Plymouth: 4; Taunton: 3; Tiverton: 1 
Trainee salaries: £25k – £27k (Bristol); £23k – £25k (South West)
NQ salaries: £43k (Bristol); £38k (South West)

There are downsides to living and working in the South, of course. The cost of property, whether buying or renting, is high in locations around London. ‘A good quality place is almost the same level as London, but there are cheaper places,’ notes Polly, speaking specifically of Guildford. ‘This is a commuter belt and quite popular, and a lot of young professionals live here,’ she explains.

Similarly, the South West is peppered with idyllic villages or quaint seaside towns (think Broadchurch), as well as major commercial centres such as Bristol, all of which equates to high property prices. According to Rightmove, six of the ten most desirable places to live in the UK are located in the South West. But in the main, the cost of living is still less than London. Siobhan Lewis is nearing the end of her training contract at Burges Salmon in Bristol, where the cost of rent is ‘quite high’, she says. ‘It’s going up faster than salaries, but you don’t have the transport costs that you have in London because everyone walks or cycles everywhere.’

Life’s a beach

And here we find ourselves back to quality of life. ‘Bristol is smaller and more compact than London,’ describes Siobhan. ‘I can walk home rather than being stuck on the tube, and I have time to catch up with friends and family in the evening. There are a lot of people who have come here from bigger London firms and have realised that they can do top-quality work but still have their evenings and weekends free.’

‘I live on the quay in the [Exeter] city centre, which is absolutely beautiful,’ reveals Jessica at Ashfords. ‘You’re really close to the beaches here and the atmosphere is really relaxed. There’s lots of cocktail bars – not a big, clubby scene but more chilled than that; it’s stunning.’

Trainee Beth Nash at Foot Anstey originates from Plymouth and works at the firm’s Exeter office. She says: ‘Increasingly, more and more people want to come and work in the South West and move outside the big cities. In Plymouth, there are a lot of developments going on, cosmopolitan developments, and a lot of chain restaurants are opening up, with the same in Exeter. Exeter and Plymouth are both busy cities – you don’t ever feel it’s quiet or like a middle-aged town, it feels young and thriving.’

While trainee pay may not match the largest London firms, trainees are unanimous in their belief that the shorter working hours and quality of life are worth the trade-off. ‘The work-life balance is worth every penny of what you get paid,’ says Stuart at Ashfords.

Matt at TLT speaks for many: ‘I have a friend at a Magic Circle firm and I’ve never seen him since he started his training contract! As a young person in their 20s, I am ambitious, but I’m not prepared to sacrifice these precious years of enjoying life.’

Applying to regional firms – trainees’ top tips

• ‘Try and speak to as many people in firms that you can, especially the big regional players in the area you want to be; and get involved in as many events and opportunities as possible because people do remember you, so it helps to make a good impression.’ Jo Cowen, Michelmores, Exeter

• ‘A lot of people I went to uni with focused on London and thought that that’s where all the opportunities are, but it’s better to be more open minded to other locations.’ Beth Nash, Foot Anstey, Exeter

• ‘It’s really important to visit a variety of different firms. It’s easy to complete your analysis of a firm based on its website, but when I visited Osborne Clarke, I felt I absorbed the culture quickly. So visit firms, either by informal shadowing or by securing vacation schemes, and consider the size of teams/departments you want to work in.’ Anna Mattingley, Osborne Clark, Reading

• ‘Really think about whether you want a work-life balance or just a career focus, and think about how you deal with stress and working long hours, as well as the type of work you want to do.’ Emily Baker, Irwin Mitchell, Southampton

• ‘Think about how much you value your quality of life. Some people just want to work, but you can have a satisfying job and work for high-profile clients but still have a nice life. Don’t be blinkered by big City lights – it’s not always what it’s cracked up to be.’ Siobhan Lewis, Burges Salmon, Bristol

• ‘I’d personally recommend not going to London. Obviously, it depends on where you grew up and where your family connections are, but there is a lot to be said for the regions. Trainees here don’t look at London with envy at all.’ Stuart Willis, Ashfords, Taunton

• ‘Consider the environment where you want to be. Can you see yourself living and working there? You can’t judge a firm or a place from its website, so apply for vac schemes – that’s the best way to judge a firm – and mooch around the town as well. That’s what I did.’ Jessica Tallon, Ashfords, Exeter

• ‘My personal advice is to choose somewhere where you feel you’ll fit in with the people. Get a feel for the kind of people there and base your decision on that.’ Matt Atkinson TLT, Bristol

SRA confirms super-exams to start in 2020

SRA confirms super-exams to start in 2020

In spite of considerable hostility from the profession and legal education providers, the Solicitors Regulation Authority (SRA) announced today (25 April) that its planned Solicitors Qualifying Examination (SQE), dubbed ‘the super exam’, is going ahead.

The single, centrally-set examination will come in to use from September 2020, one year later than the SRA had originally planned to release it. This will replace the existing requirements for trainee solicitors to take the Legal Practice Course (LPC) or the Graduate Diploma in Law (GDL) for non-law graduates.

According to the SRA, following two consultations on the proposals and significant resistance from the profession and training providers, the proposals will make sure that all solicitors meet consistent, high standards for entry to the profession.

An SRA statement released today said: ‘Multiple courses and examinations mean that neither the public nor law firms can have full confidence that qualifying solicitors are all meeting the same high standards. Almost four out of five members of the public say they would have more confidence in solicitors if they passed the same final examination.’

However, while the SRA-formulated plans have long received a negative reaction from law-training organisations and the legal profession, legal service consultant professor Nigel Savage has been a long-standing supporter of reforms. He said: ‘I’m delighted it’s going ahead, and the law schools should stop whinging now and embrace the challenge of making it work.

Savage added: ‘However my fear is that the legal services sector is changing so rapidly – ahead of legal education – if it’s put off any longer events will require another change. The traditional law schools will face big cultural challenges which are long overdue.’

The University of Law director of business development Kevin Griffiths added: ‘It is good news for both employers and students that the start date for the SQE has been put back to 2020 at the earliest, as this is much less disruptive to recruitment cycles and gives time to plan. We look forward to engaging with both law firms and students over the next few months with a commitment to setting the standard for solicitor training for years to come.’

In January, the City of London Law Society (CLLS) also criticised new proposals from the SRA to create a ‘super-exam’. In particular, the CLLS objectsed to the multiple-choice nature of the assessment, feeling that such examination lacks the ability to test the full nuance of law knowledge.

However in October last year, despite the SRA reforms having been met with hostility by most educators, the School of Law at Manchester University has becomewas the first Russell Group school to embrace its reforms. The university found many of the changes it was looking to implement align with the SRA’s proposal to replace existing exams by making all prospective solicitors take the same assessment before qualifying.

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This article first appeared on The Lex 100‘s sister publication, Legal Business.

The Taylor Wessing Apprentice – You’re Hired!

The Taylor Wessing Apprentice - You're Hired!

Taylor Wessing is launching its inaugural ‘Pathfinder Programme’ in September 2017. 

The programme is an apprenticeship scheme which is aimed at candidates who may otherwise have difficulty entering the legal profession because of traditional barriers to entry. These include factors like academic performance, economic circumstances and family background. There will be four openings, with two apprentices training as paralegals and two training within the firm’s business services.

The two paralegals will train in the Employment & Pensions and ITTC teams respectively. One business services apprentice will join the firm’s Talent & Marketing team, whilst the other will join the Communications team.

The two-year paralegal scheme will provide the apprentices with a CILEX Level 3 Diploma in providing Legal Services (Competence) and a CILEX Level 3 Certificate in Law and Practice (Knowledge/Technical Qualification).

The eighteen-month business services scheme will provide the apprentices will be provided either a CIM or CIPD qualification.

At the end of both schemes, Taylor Wessing will endeavour to permanently employ the apprentices.

To qualify for the scheme, candidates must meet one of the PRIME criteria, which means that they must either:

• Be state school educated; or
• Receive free school meals; or
• Be the first generation of their family on course to attend university; or
• Attend a school where an above average rate of students are eligible for free school meals.

The apprentices will work four days a week in the Taylor Wessing office and spend one day a week studying for their relevant qualification.

For further information, click here.

Monday round-up, 24 April

Monday round-up, 24 April

Need help with commercial awareness? The Lex 100 rounds up some of the week’s interesting stories.

French Elections: Emmanuel Macron and Marine Le Pen to fight for presidency – BBC

Jimmy Choo puts itself up for sale – Financial Times

Inflation puts the brakes on Britain’s economic activity – The Guardian

French Elections: Euro and shares jump after vote – BBC

What are passengers entitled to if they are ‘bumped’ from a flight? – The Telegraph

Lloyds: Taxpayers get all their money back after rescue – BBC

Exxon Mobil denied permission to resume Russian oil work – BBC