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Comments on previous threads about becoming an associate abroad have me believe otherwise
-a resident of the EU frugal four
10,000 pounds is 10 lakhs a year, which is plenty to live on in most places (and most people don’t get paid that much (or at all!) to study for a qualification…
Could you please share the source of this information? Thanks.
My two cents.
Mind you, all this was true around 2015-16 when I joined. With the new rules, the disincentives are skewed even further. Looking back, I would have advised - take the TC, join in the latter cohort (in the meantime get a top LLM - Oxbridge/HYS), do it for 2-3 years (be dual qualified) and come back to SAM/CAM/AZB etc at SA level. Now with the new rules, even that might not be advisable.
As you might have known that the UK has changed its laws for the qualification of foreign solicitors. Now, a law graduate from India who is offered a training contract by HSF/Links/A&O will have to study for about 20 months followed by 2 years of Training to become an Associates. All in all, it would take about 4 years to become an associate.
While I was applying, I was unaware of this. However, Now I realise that the tuition fee of 20 months of study will be sponsored by the firm and the firm will provide a living stipend of 10k pounds each year for support. I realized that 10k is too little to live in London. Even for the bare minimum necessities, one needs atleast 35k pounds per year. If the firm provides only 10k, that means 25k pounds will have to be borrowed from parents. That would means 50k for 2 years.
Do you think it is worth it to join the Training contract? I guess, around 50 Lakhs INR will be spent before the Traning contract commences. I anyways, will have to take a loan for such kind of money.