Mon, 05 Sep 2011 | BUSINESS SALE
A strategic review has been launched into the operations of one of the UK's biggest law schools, the College of Law, which could see it sold off outright.
The College was incorporated as a charity by Royal Charter in 1975, but its board of governors are now in the process of reviewing its options. The case for an outright sell-off is understood to be under close examination.
The institution currently has a turnover of around £75 million, and a sale would see it lose its status as a charity. Its main competitor, BPP, has benefited, however, since becoming part of a plc in 2009, when it was bought by a joint venture between Apollo Group and private equity house The Carlyle Group, for £300 million.
Commenting on the review, the College's chairman, Nigel Savage, said that a sale was one of a number of options that they were considering, and they were also looking at developing new joint ventures with universities and commercial partners across the globe.
"Higher education in general and legal education in particular are global and we need to be extending our reach in the developing global regional hubs, particularly in Asia - building on our existing relationships and forging new ones," he explained.
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