Published Aug. 28, 2013
Pending approval of the S.C. Commission on Higher Education and the American Bar Association, the founders and directors have signed an agreement indicating their intent to pass ownership to The InfiLaw System, the school said in a news release today.
Charleston School of Law announced today it plans to sell to InfiLaw. (Photo/Ross Day via Flickr)
“We made this decision because a majority of the founders had expressed a desire to pull back and retire,” founders Robert S. Carr and George C. Kosko said in a joint statement.
They said the move was part of a succession plan to ensure the school of law would continue for the long term.
“We want everyone to understand that until a transition to new ownership is complete, the directors will continue to own and operate the law school,” Carr said.
The directors said they are willing to consider “well-thought-out and financially viable alternative offers” and said offers can be submitted to Edward Hughes at Nexsen Pruet law firm, 400 Main St., Suite 100A, Hilton Head Island, SC 29925-3526. Hughes can be contacted at 843-689-6277 or email@example.com.
Carr said that the directors of the school contacted private institutions but that none was interested in talking seriously about buying the school. Additionally, the directors said no one has approached them, public or private, about taking ownership.
“They also acknowledged that they looked at other options, such as becoming a nonprofit institution and a sale to a current owner, but pointed out that none of the options would have done as much protect the interests of the law school for the foreseeable future as the InfiLaw transaction,” the school’s statement said.