So the College of Law has announced it is to be sold to a company managed by Montagu Private Equity. We do not know the price but the proceeds of sale will be in excess of £200million which will go to a charity –The Legal Education Foundation. The Foundation promises “to promote the advancement of legal education and the study of law for future generations of students through bursaries, scholarships and grants.”
It may be a seminal moment in legal education in the UK and, it is worth emphasising, possibly globally.
