The relevance of the chosen problem is caused by the necessity of finding a model of qualitative growth of specialists training in conditions when cuts in expenditure of the state budget allocated to education occurs annually. Besides, the development of technology inevitably leads to the expansion of the list of subspecialties employers need. The imbalance of demand and supply of labour in the labour market takes place in Russia today. This is due to consequence of inconsistencies between the structures of workforce development in the field of education and the structure of needs of the industries. With this purpose some new models of professional education have been investigated, one of which was dual (or practice-based) learning system. The aim of the study was to analyze and to form the basic principles and proposals on legal regulation of practice-based model of professional education. Methodology: empirical, comparative-historical, system analysis, structural-functional, statistical methods, and scientific methods of cognition are used in the study. Besides the dialectical method of cognition, which allows to consider the phenomena in their interrelation and development is used. The paper formulates the basic principles, benefits of practice-oriented model of professional training, the concept of social partnership in the field of education and forms of implementation of the model. Formed principles and proposals for improving the legislative framework in practice-based learning will help to implement this training model, which allows to overcome the imbalance of staffing requirements on the labour market.