Kaplan Law School is to cease offering the Graduate Diploma in Law (GDL) and Legal Practice Course (LPC) from the end of next year.

The decision to shut down the courses comes with the end of Kaplan’s contract to run Nottingham Law School’s GDL and LPC in 2016.

A spokesman for Kaplan said the Training for Tomorrow programme from the Solicitors Regulation Authority has ‘opened up the prospect of exciting new possibilities’ for the route to qualification as a solicitor of England and Wales.

‘Kaplan has therefore taken the view that it will not invest in a traditional LPC and GDL to replace the existing one but rather will concentrate its resources on developing innovative new products that draw on the Training for Tomorrow framework and reflect the Competence Statement.

‘Therefore, Kaplan Law School’s GDL and LPC will run for its final year in 2015-16. Students will continue to receive the high-quality tuition and strong focus on individual student outcomes that made it a leader in the market.’

In a statement, Nottingham Law School said this will not affect current students who are due to complete their studies before September 2016.

Kaplan Law School, based in south London, was due to file its annual accounts in the coming weeks, but previous accounts for the 2013 year show the institution to be making significant losses.

Turnover for the year had increased since 2012 from £3.8m to £4.26m, but losses for 2013 came to £268,000. This was an improvement on 2012, when losses were £683,000.

Due to cost-cutting measures, the 2013/14 academic year was the last that it offered the Bar Professional Training course.

As of 2014, there were 275 students doing the Kaplan LPC and 112 on the GDL. A total of 36 people were employed by the company, which is owned by Kaplan Inc, the largest subsidiary of diversified education and media company Graham Holdings.