Fri, 24 May 2013
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LSB says Legal Education Foundation will promote access
A fascinating development and, on the face of it, what a great way to promote equal access to the profession. This also potentially resolves some of the undoubted concerns that certain recent actions of the CoL were compromising its charitable status.
However, are bursaries going to be available to students to enable them to attend other institutions than the COL?
If not, then this simply represents a way of a charity guaranteeing in part the income of a private equity business (gaining all the advantages of charitable status). Given the huge competitive advantage this would give the CoL there must surely be some doubt as to whether or not this would increase choice or merely shore up the dominant market position of the two big players. As usual, unbridled competition would result in less choice not more so, unless this charity is truly independent of the CoL, the LSB'scomments are misplaced.
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