Legal Practice Course
The UK legal practice course (LPC) is completed by students who wish to become a solicitor - either after they have finished their law degree or as an undergraduate course on completion of the postgraduate diploma in law.
The course, including the Business Law and Practice module, comprises two stages; with stage one being the compulsory modules and stage two being the elective modules. The core practice areas can be studied in a private, commercial or corporate context depending on the student's career aspirations. You can complete the LPC course over one or two years, depending on whether one opts to do it as a full or part time course. You should apply for it in the autumn before they wish to start.
Business Law and Practice Module
The Business Law module is one of the compulsory stage 1 components of the LPC course, and it covers a wide range of topics including;
• partnership formation and dissolution
• partnership liability and terms of agreement
• company formation
• capital structures and funding
• the rights of shareholders
• duties of directors
• disqualification of directors
• personal bankruptcy
• employment law
• commercial contracts
• income tax
• corporation tax
• VAT, and
• capital gains tax
This exam also covers business accounts, so it will involve you learning:
• the principles of double entry bookkeeping
• how to create a profit and loss
• year-end adjustments, and
• how to interpret year end accounts
Within the exam, the student will also be examined on the skills taught on the LPC UK course including advocacy, interviewing, writing and drafting.
The examinations of the core components of the LPC are overseen by the Solicitors Regulation Authority, and they require that they are a minimum of three hours in length. Although, this may be split into two different sessions. The examination itself does not necessarily have to be written. It could take the form of a filmed interview or advocacy for a client. A minimum of five per cent of the exam will be allocated to professional conduct and regulation in all of the core examinations. The pass mark for this module is fifty percent and students may take three attempts at the paper.
The LPC, or as it is also referred to, the graduate Diploma in Legal Practice, is offered by a number of training institutions across the country. The LPC is provided by universities such as Manchester, as well as legal training organisations such as BPP and the College of Law.
The Solicitors Regulation Authority (SRA) ensures all course providers reach a certain standard and cover a certain syllabus for the stage one examinations.
When you are comparing courses, questions to ask include:
• What percentage of students who completed the LPC within that particular institution went on to secure a training contract?
• What percentages of students pass first time?
• What are the course fees and what optional modules do they offer to their trainees?
Speak to a course advisor at LawTraining.co.uk about all the LPC courses in England and Wales offering the Business Law and Practice Module alongside the study options they offer for students.