In response to the growing globalisation of law firms and the need for more international expertise, The University of Law (ULaw) has enhanced its Legal Practice Course (LPC) with a new LL.M LPC which will start this September. The qualification will offer students a fully-accredited LPC and an internationally-recognised Master of Laws on completion of the course.
The course consists of 18 professional electives, including eight with an international focus which means that the LL.M LPC offers a greater international focus than any other LPC course currently available in the UK so offering students higher levels of specialisation and enhancing their employment prospects. The international electives will examine the legal principles, structure and mechanics underpinning cross-border transactions, using cross-border case studies, and will help students to gain a comparative knowledge of different legal systems.
The LPC is a professional post-graduate course, which all those intending to become solicitors must pass before they can proceed to the next stage of practice. The University of Law is the preferred LPC training provider for 27 major law firms, including three of the biggest in the world – Allen & Overy, Clifford Chance and Linklaters.
The LL.M LPC can be studied via a wide range of flexible study modes: full-time – 10-month or accelerated 7-month programmes; part-time -18 or 22 months; or the i-LL.M LPC, which offers supported online learning.
Globally the legal services market is thriving and is expected to increase to $751bn (£480bn) over the next three years, which represents an annual average growth rate of 5% between now and 2015*.
Sarah Hutchinson, Vice President Business Development at The University of Law, said: “Over half of the revenue of the largest 100 law firms in the UK is now being generated by international law firms based in London putting the UK firmly on the map as a global legal hub and also opening up greater opportunities for UK law firms operating overseas. As a result of these changing times, it is important that we train young lawyers to meet future demand and that our students have access to qualifications that are widely recognised in other legal jurisdictions.
“As the leading provider of legal services training in the UK we pride ourselves on being at the forefront of the industry and are leading the way in introducing more internationalised courses to our students to ensure that they are well equipped and ahead of their peers when they start their careers in law.”
Law students themselves are also becoming increasingly aware of the importance of international knowledge. In a recent survey of all ULaw students, 83 per cent of LPC students said they thought learning about international legal practice while at law school was important. Seventy five per cent expected to deal with overseas organisations and clients during their future legal career and 69 per cent expected to participate in cross border transactions involving international law.
The growing importance of knowledge of international legal practice was illustrated in a recent report by PwC - ‘Law Firms Survey 2012’, which found that half of the UK's top 25 firms now source more than 40 per cent of fee income from international operations and 50 per cent of top 10 firms anticipate merging with or acquiring an international firm in the next three years, up from 17 per cent in 2011.
The qualification is exclusive to ULaw and is the same price and duration as its current LPC. Students can specialise in either international or national legal practice and choose between the award of LL.M in International Legal Practice LPC or an LL.M in Legal Practice LPC. Students undertaking three international electives will be awarded the LL.M in International Legal Practice LPC while those choosing any other combination will receive the LL.M in Legal Practice LPC, demonstrating their specialism in general commercial practice or legal aid practice.
*Law Society report: The Legal Services Industry, Part 1 – an overview & www.lawsociety.org.uk/news/press-releases/growth-forecast-for-global-legal-services-but-tough-times-for-high-street-lawyers/
Broadgate Mainland Mark Knight / Sarah Evans Toyne / Lianne Robinson / Andrew Adam Telephone: 020 7726 6111 Email: TheUniversityofLaw@broadgatemainland.com Lucy Wray, Press Officer, The University of Law on 01483 216072 (email@example.com)