The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
The College of Law (CoL) is in the throes of a full-scale strategic review that could lead to the potential sale of the institution.
Chief executive Nigel Savage confirmed the move, launched in July and reported this morning by legal website RollonFriday, but played down suggestions that a sale was imminent.
He added: “Higher education has becoming increasingly global so it’s important that we take a closer look at the college’s business model such as whether we should be gaining a foothold in Asia. This could be achieved via a series of joint ventures so a sale is only a possibility.”
The review comes amidst a complete shake-up of the postgraduate legal education sector, which included the takeover in 2009 of CoL’s main rival BPP Law School by US-based Apollo Global – a joint venture between Apollo Group and private equity house The Carlyle Group – for £300m.
A spokesperson for the CoL added in a statement: “”The governors are currently undertaking a strategic review, as it is only right that the College considers options for its future development in light of exciting opportunities presented by changes in higher education.”
CoL, which has a turnover of around £75m, is being advised by magic circle firm and longstanding legal counsel Allen & Overy. Any sale of CoL would mean the Legal Practice Course provider losing is charity status.