Five top City firms have struck a deal to overhaul the so-called City Legal Practice Course (LPC) to incorporate key elements of MBA training, Legal Week can reveal, in a pioneering attempt to bring business training into legal education.

Slaughter and May, Freshfields Bruckhaus Deringer, Herbert Smith, Lovells and Norton Rose will today (21 July) unveil their joint plans to reform the City LPC as a “client-centric” model for modern legal education.