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Aspiring Lawyers - Applications & General Advice
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Self-funding the LPC (bad time to do so?)
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<blockquote data-quote="Jessica Booker" data-source="post: 116290" data-attributes="member: 2672"><p>At any other time, I would sit on the fence about self-funding the LPC. My view used to be it was a very personal decision each individual had to weigh up their own circumstances and that there was no right or wrong answer to this.</p><p></p><p>However, the SQE makes this a very different situation.</p><p></p><p>Personally, I wouldn't commit to the LPC now unless you are expecting to start a TC in 2023 (e.g. you are mainly applying to firms who recruit one year in advance). If you think you will start a TC in 2024 or 2025, then the reality is you will be on the SQE path. Passing the LPC will give you an automatic exemption of SQE1 (that is decided by the SRA, firms have no choice on the matter) but that is probably the most expensive and time-consuming way to get past the SQE1. I very much suspect that firms that used to offer LPC fee/maintenance grant refunds will no longer apply the same logic when they move people to the SQE as well.</p><p></p><p>I have heard a few mumblings about the LPC being seen as more prestigious by law firms and therefore preferred, but in all honesty, the LPC was never seen as prestigious. It was just a mandatory course that had to be completed. Although firms have concerns about the SQE and how prepared their future trainees will be taking this course over the LPC, they won't have a heavy preference for those doing the LPC, especially when the vast majority of their talent pipeline will only be eligible to do the SQE path from 2024 onwards.</p><p></p><p>The LPC might help with firms who recruit 1-2 trainees each year, and may still help for paralegal type work - but even then I think it's a very costly (time and money) route to take for something that is effectively dying out. People can qualify using the LPC route until 2032, but the reality is that beyond 2025 very few people will be doing so. Firms benefit massively from moving to the SQE - they are no longer regulated, they have to make fewer commitments, so although they may be concerned about the quality of the training, they know it is much more commercially viable to move to the SQE route.</p><p></p><p>Whatever the decision though, I'd personally not commit to the LPC until later on this summer. There is never any need to sign up early. Providers are horrendous at getting you to commit super early to the course, often pushing people to sign up as soon as possible, and then once you have signed the dotted line, you are committed to a hefty deposit/course fee that you will never get back. Unless you are getting a significant discount (e.g. over 20%) by signing up early, wait until August and then make a decision of whether to commit to the course or not. I think this is especially important if you are making applications this summer - see how those applications go first before committing to any course.</p></blockquote><p></p>
[QUOTE="Jessica Booker, post: 116290, member: 2672"] At any other time, I would sit on the fence about self-funding the LPC. My view used to be it was a very personal decision each individual had to weigh up their own circumstances and that there was no right or wrong answer to this. However, the SQE makes this a very different situation. Personally, I wouldn't commit to the LPC now unless you are expecting to start a TC in 2023 (e.g. you are mainly applying to firms who recruit one year in advance). If you think you will start a TC in 2024 or 2025, then the reality is you will be on the SQE path. Passing the LPC will give you an automatic exemption of SQE1 (that is decided by the SRA, firms have no choice on the matter) but that is probably the most expensive and time-consuming way to get past the SQE1. I very much suspect that firms that used to offer LPC fee/maintenance grant refunds will no longer apply the same logic when they move people to the SQE as well. I have heard a few mumblings about the LPC being seen as more prestigious by law firms and therefore preferred, but in all honesty, the LPC was never seen as prestigious. It was just a mandatory course that had to be completed. Although firms have concerns about the SQE and how prepared their future trainees will be taking this course over the LPC, they won't have a heavy preference for those doing the LPC, especially when the vast majority of their talent pipeline will only be eligible to do the SQE path from 2024 onwards. The LPC might help with firms who recruit 1-2 trainees each year, and may still help for paralegal type work - but even then I think it's a very costly (time and money) route to take for something that is effectively dying out. People can qualify using the LPC route until 2032, but the reality is that beyond 2025 very few people will be doing so. Firms benefit massively from moving to the SQE - they are no longer regulated, they have to make fewer commitments, so although they may be concerned about the quality of the training, they know it is much more commercially viable to move to the SQE route. Whatever the decision though, I'd personally not commit to the LPC until later on this summer. There is never any need to sign up early. Providers are horrendous at getting you to commit super early to the course, often pushing people to sign up as soon as possible, and then once you have signed the dotted line, you are committed to a hefty deposit/course fee that you will never get back. Unless you are getting a significant discount (e.g. over 20%) by signing up early, wait until August and then make a decision of whether to commit to the course or not. I think this is especially important if you are making applications this summer - see how those applications go first before committing to any course. [/QUOTE]
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Self-funding the LPC (bad time to do so?)
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