The news this week, first reported in RollOnFriday.com and then covered by Legal Week, that the College of Law may be up for sale is not entirely unexpected. With a reported turnover of £75m – and I am assuming a good net profit – it is a valuable property, even in a difficult legal education market. The recent re-accreditation of the College of Law’s degree-awarding power enhances the value. BPP University College, another new authorised degree-awarding institution, has yet to face re-accreditation and while that may well be a formality, the directors of BPP and their American owners are unlikely to take that for granted.
Interviewed by Legal Week, CEO Nigel Savage said: “A sale is only one of a number of options the College is exploring, including forging new joint ventures with universities and commercial players around the world.”
