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News
Magic circle advise on CoL sale
updated on 08 February 2012
City firms Allen & Overy (A&O), Weil Gotshal & Manges and Herbert Smith have all landed advisory roles on the potential sale of The College of Law (CoL) - the country’s biggest provider of legal education.
A&O is advising the CoL on the sale, while Weil and Herbert Smith are each advising a potential bidder- Providence Equity Partners and Pearson (the company that owns the Financial Times) respectively. The CoL is currently narrowing down potential purchasers to a select few bidders, with a view to the sale, estimated at a value of £150-200 million, being agreed by the end of February.
In other CoL news, it has announced that it has provided all of its students with a membership of the International Bar Association to (IBA), affording CoL students valuable access to a leading international legal organisation. Robert Dudley, the CoL's business development director, said: "The College has worked closely with the IBA for many years, and by providing membership to all of our students we will help them get a headstart in acquiring the global insight needed for a successful career in the modern world of law."
