Trainees starting training contracts in 2014 can look forward to earning only the national minimum wage after the Solicitors Regulation Authority took the visionary step of scrapping trainees' minimum salaries in England and Wales.
The minimum wage currently runs to £6.08 an hour. On a standard 35-hour week (clearly pie in the sky for most law firm trainees), that comes to £11,065 a year. Which sounds, frankly, pretty shite. And suddenly makes the previous minimum of £16,650 (which goes up an extra two grand in you're in London) sound beyond the dreams of avarice. Even Mort "3,300 hours a year" Pierce would only have made £20,000 at the minimum wage.
After lengthy consultation, the SRA claimed the move was made in response to the large numbers of law school graduates unable to find training places, and it hopes it will allow smaller firms to take on more trainees. Fair enough, although it won't do anything to help all the NQs without jobs. If anything, it can only make that situation worse, deferring the application bottleneck from getting a training contract to getting a job as a qualified lawyer.
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Trainee solicitors: this bijou residence could all be yours |
The reason there are so many jobless law school grads around is, of course, partly down to the SRA's efforts to stop law school entrance becoming more rigorous. And with twice as many students completing the LPC as there are training places, there's bound to be a big market for firms proffering cut-price training contracts. They'll be able to pay their indebted trainees less than paralegals, work them harder, bill more for their time and drop them after the TC without any fuss.
Samantha Barrass, SRA Executive Director (not paid minimum wage), said: "This decision was based on an objective consideration of very full and detailed evidence gathered through a variety of sources". Although those objective considerations seem to have failed to take into account access, diversity, university fees, LPC oversupply or common decency.
When the moment comes, and you know of a law firm paying its trainees minimum wage, make sure you drop RollOnFriday an anonymous line. Any serious outfit which pays its trainees £6.08 an hour deserves to be widely congratulated.
Comments
Instead, the SRA has screwed-over thousands. Well done. Another fine mess.....
It may be heresy to you, but there is life outside of law - and a good living within a firm not earning fees - for well trained, disciplined, commercial-minded, analytical, bright young people. The more enlightened firms should value the experience that a busmans holiday outside of the profession might give you, if and when you decide to go back and try your hand at lawyering again.
If trainees are willing to work for minimum wage, then they should be able to.
Maybe you should ask for full transparency of how they use the money, all the more so that the likelyhood for a great majority of the graduates to find a good job that will pay well enough to enable them to repay their loans very quickly is very illusive...
LOL This world is great
Shams are all over the place
Plus the outrageous interest rates