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Friday, May 30, 2014

Charleston Law School Founder Opposes InfiLaw's Proposed Acquisition, Offers to Donate His 1/3 Interest to Create Nonprofit Law School

Charleston LogoFollowing up on my prior posts (links below):  from our Law Deans on Legal Education Blog, Charleston Law Founder Ed Westbrook Counters Infilaw, by I. Richard Gershon (Dean, Mississippi):

Charleston School of Law Founder Ed Westbrook has written an extensive response to questions raised concerning Infilaw's continued push to acquire the law school. Westbrook has been a supporter of moving the law school to nonprofit status since its inception.

Prior TaxProf Blog posts:

http://taxprof.typepad.com/taxprof_blog/2014/05/charleston-law-founder.html

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Comments

Isn't the big problem with the school the fact that the South Carolina governing bodies refuse to allow it to join an established university, like College of Charleston or Furman? I thought that was why the school had to be established in the manner it was, because the governing bodies did not want another law school stealing glory from the school in Columbia.

Posted by: Daniel | May 30, 2014 6:28:26 AM

I am too far removed from my law school tax courses to remember offhand, but is there any manner of rule against the founders draining a for-profit entity of its funds (as we learned about Charlotte SOL this week), then changing it to a non-profit to salve off a financial emergency?

Posted by: Unemployed Northeastern | May 30, 2014 10:01:33 AM