City firm Lovells is spearheading a consortium of 14 City firms developing on-line anti-money laundering training.
The firms are: Allen & Overy, Ashurst, Bird & Bird, CMS Cameron McKenna, Denton Wilde Sapte, Freshfields Bruckhaus Deringer, Herbert Smith, Linklaters, Norton Rose, Macfarlanes, Mayer Brown Rowe & Maw, Travers Smith Braithwaite and US practice Weil Gotshal & Manges.
Lovells' chief operating officer Nick Cave said: 'It's been a fantastic group to work with.
Everyone has been very co-operative in terms of trying to interpret the law and the Law Society guidance - and we've jointly developed the materials.'
The programme will take the form of a series of tests to ensure lawyers understand compulsory money laundering compliance regulations - law firms within the consortium will be able to bolt on additional material particular to their individual anti-money laundering procedures.
The content has been agreed by all the firms and will now be developed into a training software programme by Philippines-based company VinciWorks.
Mr Cave said that VinciWorks would then market the programme to other firms.
David Coleman, a partner in the corporate department of Macfarlanes, said: 'Law firms are increasingly catching on to the fact that e-learning is a reliable training medium.'
Meanwhile, Lovells is set to roll out a plain English on-line training programme in the next fortnight, the firm's head of training, Suzanne Fine, confirmed this week.
The programme is aimed at all Lovells staff and incorporates a series of tests, including a crossword puzzle, to help employees to shed Latin tags.
Ms Fine said the thrust was to train lawyers to approach language flexibly, with the client's outlook as the main priority.