Retrospective Funding

[JohanGRK]

Very useful thread! (bump)

 

[Daniel Boden]

Sure, recently accepted a TC with Links and I finished my LPC a couple of years ago. Have been reimbursed in full

Pretty reliable source that I reckon

 

[D681]

Hi all, does anyone know if firms reimburse when you have done the LLM LPC using the postgraduate loan and then paid the remainder yourself. If so, how does this work?

thanks

 

[Jessica Booker]

Hi all, does anyone know if firms reimburse when you have done the LLM LPC using the postgraduate loan and then paid the remainder yourself. If so, how does this work?

thanks

yes - you still have to pay that loan back. They may not pay for the full LLM though - they are only likely to pay the same amount they pay for their LPC.

You’d just need to show proof of purchase/proof you are studying.

 

[Paralegal178]

Hi all, does anyone know if firms reimburse when you have done the LLM LPC using the postgraduate loan and then paid the remainder yourself. If so, how does this work?

thanks

I did this and I just had to send my firm evidence of the fees I paid (an invoice stating ‘paid’) and they just transferred the funds to my bank account.
They didn’t ask for details of how I funded it and it’s my responsibility to repay the loan etc.

 

[D681]

I did this and I just had to send my firm evidence of the fees I paid (an invoice stating ‘paid’) and they just transferred the funds to my bank account.
They didn’t ask for details of how I funded it and it’s my responsibility to repay the loan etc.

Thank you. Just to clarify, did they pay the full amount inclusive of the LLM or just the LPC element?

Am I right in believing that is down to you how you’d like to pay it back I.e. in instalments or a lump sum?

 

[Jessica Booker]

Thank you. Just to clarify, did they pay the full amount inclusive of the LLM or just the LPC element?

Am I right in believing that is down to you how you’d like to pay it back I.e. in instalments or a lump sum?

this will depend on the individual firm’s policy towards funding.

If you self fund, sometimes you pay a higher amount for an LPC compared to what the firm would pay anyway. Some firms will only pay fees up to the value of what they would pay, irrespective of whether it is an LPC or a combined LLM.

 

[D681]

this will depend on the individual firm’s policy towards funding.

If you self fund, sometimes you pay a higher amount for an LPC compared to what the firm would pay anyway. Some firms will only pay fees up to the value of what they would pay, irrespective of whether it is an LPC or a combined LLM.

Thanks Jessica, this makes sense!

 

[Paralegal178]

Thank you. Just to clarify, did they pay the full amount inclusive of the LLM or just the LPC element?

Am I right in believing that is down to you how you’d like to pay it back I.e. in instalments or a lump sum?

As I did it at Ulaw, the LLM didn’t cost any extra. My firm reimbursed the whole sum that I paid but as Jessica says, I’m sure it varies from firm to firm!

 

[Ahi88]

Such a useful thread, just as I was considering this topic myself!

I have been offered a TC by my firm and have already completed the LPC two years ago. My firm has not advertised that they retrospectively reimburse LPC fees but I really want to approach HR asking about this possibility. I know that my current cohort mainly consists of trainees who did not do the LPC and they will be all paid grants on top of their fees.

How would you suggest approaching this topic without sounding too 'greedy' since I appreciate the topic is quite a difficult one to hit head on!

 

[Jessica Booker]

Such a useful thread, just as I was considering this topic myself!

I have been offered a TC by my firm and have already completed the LPC two years ago. My firm has not advertised that they retrospectively reimburse LPC fees but I really want to approach HR asking about this possibility. I know that my current cohort mainly consists of trainees who did not do the LPC and they will be all paid grants on top of their fees.

How would you suggest approaching this topic without sounding too 'greedy' since I appreciate the topic is quite a difficult one to hit head on!

Have you received an offer letter from the firm? Such details are usually outlined in the offer letter.

They may reimburse yourself fees, but are much less likely to pay you a retrospective grant.

 

[Ahi88]

Have you received an offer letter from the firm? Such details are usually outlined in the offer letter.

They may reimburse yourself fees, but are much less likely to pay you a retrospective grant.

Yes, I have received an offer letter but there are no details with regard to paying LPC fees. The offer letter only states that my PSC fees will be paid.

Is it therefore safe to assume that since the letter omits anything to do retrospective payments that this would not be a possibility?

 

[Jessica Booker]

Yes, I have received an offer letter but there are no details with regard to paying LPC fees. The offer letter only states that my PSC fees will be paid.

Is it therefore safe to assume that since the letter omits anything to do retrospective payments that this would not be a possibility?

You can have a conversation with them about it - but just expect their answer to be no. If they were to offer it to you, it’s likely they would have to offer it to everyone, including current trainees, so there could be a significant cost to them.

There is no harm in asking (as politely and as delicately as you can) though.

 

[GXA123]

You can have a conversation with them about it - but just expect their answer to be no. If they were to offer it to you, it’s likely they would have to offer it to everyone, including current trainees, so there could be a significant cost to them.

There is no harm in asking (as politely and as delicately as you can) though.

what if I am currently doing my LPC, and I have received an offer would that make a difference? thanks!

 

[Jessica Booker]

what if I am currently doing my LPC, and I have received an offer would that make a difference? thanks!

The offer letter would include any terms, including details of whether they would reimburse LPC fees or not. If there is no detail about this, then the assumption is that no payments will be made. If you think that the firm is reimbursing your LPC fees, then you should contact them and discuss it with them.

 

[GXA123]

The offer letter would include any terms, including details of whether they would reimburse LPC fees or not. If there is no detail about this, then the assumption is that no payments will be made. If you think that the firm is reimbursing your LPC fees, then you should contact them and discuss it with them.

Thank you Jess

 

[charlotte1704]

Does anyone know if CMS reimburse GDL/LPC fees?

 

[Yjs15]

if a firm pays your lpc fees retrospectively and you originally got the postgrad lpc LLM loan from student finance, does anyone know whether you have to pay this back in a lump sum or can you continue to pay monthly?

 

[Jessica Booker]

if a firm pays your lpc fees retrospectively and you originally got the postgrad lpc LLM loan from student finance, does anyone know whether you have to pay this back in a lump sum or can you continue to pay monthly?

You won't need to pay it to the student loan company as a lump sum as the payment is for you, not for your studies.

Similarly, trainees being sponsored through the course and receiving a maintenance grant can still apply for postgraduate funding if they want to.