Charleston School of Law to transfer ownership to The InfiLaw Sy - WCBD-TV: News, Weather, and Sports for Charleston, SC

Charleston School of Law to transfer ownership to The InfiLaw System

Posted: Updated:
The founders and directors of the Charleston School of Law announced Wednesday that they have signed an agreement expressing their intent to transfer ownership of the law school to The InfiLaw System The founders and directors of the Charleston School of Law announced Wednesday that they have signed an agreement expressing their intent to transfer ownership of the law school to The InfiLaw System
CHARLESTON, SC -

The founders and directors of the Charleston School of Law announced Wednesday that they have signed an agreement expressing their intent to transfer ownership of the law school to The InfiLaw System ("InfiLaw"), which would become effective if approved by the South Carolina Commission on Higher Education (CHE) and the American Bar Association. Such approval is expected to take months to complete.

"We made this decision because a majority of the founders had expressed a desire to pull back and retire, Robert S. Carr and George C. Kosko said in a joint statement. They are directors and founders of the Charleston School of Law. "As a result, this transaction is part of a necessary succession plan that ensures that the Charleston School of Law will be viable and thrive over the long term."

They continued, "One of the key reasons we chose to move forward with InfiLaw is because it is committed to maintaining the best of the Charleston School of Law, including our culture and vision, while at the same time bringing its strengths, including investment in the law school in terms of systems, programs and infrastructure, as well as a demonstrated commitment to public service."

"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. Moving to clear up a public misperception, Carr stated that InfiLaw Management Solutions, a subsidiary of InfiLaw, will provide consulting services, but "will not make any operational decisions."

In an announcement to students, faculty, staff and alumni, the directors also indicated that they are willing to consider well thought-out and financially-viable alternative offers. They further established a process by which offers could be submitted to their lawyer, Edward Hughes at Nexsen Pruett, LLC, 400 Main Street Office Campus, Suite 100A, Hilton Head Island, SC 29925-3526; (843) 689-6277; ehughes@nexsenpruet.com.

Carr pointed out that the decision to transfer ownership was not made in haste, but had been in the planning stages for quite a while. However, due to the complexity of such a transfer under any circumstances it took some time to find a viable succession plan.

They also acknowledged the public speculation that law school should be sold to a private or public institution. However, they pointed out that they have not been approached by any public institution interested in buying the Charleston School of Law and noted that private institutions that they contacted elected not to engage in substantive discussions. They also acknowledged that they looked at other options, such as becoming a non-profit 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.

"As this process moves forward, we will continue to keep all interested parties informed of developments regarding this transaction," Carr concluded.

  • More evidence mounts in case of missing Gaboon Viper

    More evidence mounts in case of missing Gaboon Viper

    Friday, April 18 2014 7:00 PM EDT2014-04-18 23:00:58 GMT
    (WCBD) More evidence has surfaced that lead experts to believe that the Gaboon Viper is still on the loose in Harbor Pointe Apartments. What is now only pieces of the snake's skin was approximately 95% of the shed skin when it was found, only missing part of the head.
    (WCBD) More evidence has surfaced that lead experts to believe that the Gaboon Viper is still on the loose in Harbor Pointe Apartments. What is now only pieces of the snake's skin was approximately 95% of the shed skin when it was found, only missing part of the head.
  • Police arrest two suspects caught smoking marijuana in vehicle

    Police arrest two suspects caught smoking marijuana in vehicle

    Friday, April 18 2014 3:19 PM EDT2014-04-18 19:19:10 GMT
    Thursday afternoon a police officer on bike patrol in North Charleston noticed two individuals smoking what appeared to be marijuana while sitting in a vehicle outside an apartment building.
    Thursday afternoon a police officer on bike patrol in North Charleston noticed two individuals smoking what appeared to be marijuana while sitting in a vehicle outside an apartment building.
  • Local group growing next farming generation

    Local group growing next farming generation

    Friday, April 18 2014 1:33 PM EDT2014-04-18 17:33:34 GMT
    A local group is working to bring up the next generation of farmers. Low Country Local First says the aging population of farmers threatens the industry. That’s why they are helping to teach apprentices how to farm. Jim Martin has a day job, but says he is getting back to his roots. He grew up on a farm, and is picking up farming again by growing vegetables on a plot of land he is renting. “It’s one of those things where you see that you’ve spent months, from seed to transplant out to the...
    A local group is working to bring up the next generation of farmers. Low Country Local First says the aging population of farmers threatens the industry. That’s why they are helping to teach apprentices how to farm. Jim Martin has a day job, but says he is getting back to his roots. He grew up on a farm, and is picking up farming again by growing vegetables on a plot of land he is renting. “It’s one of those things where you see that you’ve spent months, from seed to transplant out to the...
Powered by WorldNow

210 W. Coleman Blvd.
Mt. Pleasant, SC 29464

Telephone: 843.216.4875
Fax: 843.881.3410
Email: news@wcbd.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.