Funding

The total annual award is £90,000 (for pupillage commencing 2026), of which £10,000 is paid immediately upon acceptance of the offer and a further £20,000 can be drawn down during the BPTC year. Pupils are allowed to keep any earnings from their second 6 months.

To assist new tenants to start their careers after pupillage on a sound and stable footing we provide guaranteed minimum earnings for the first 3 years of practice (£95,000 in year 1, £105,000 in year 2 and £115,000 in year 3). In the first year, to assist with cash flow, guaranteed earnings are paid in 12 equal monthly instalments.

These guaranteed earnings are normally exceeded by a considerable margin. In the first year of practice, average earnings are generally £160,000- £170,000, in the second year £300,000-£330,000 and in the third year £380,000-£400,000.

In addition, room rent is not charged in the first year of practice and is subsidised in the second year. New junior tenants are not required to pay fixed share expenses in the first year, and pay a percentage of fix share for years 2 and 3.