And Then There Was One: Penultimate For-Profit Law School Changes Its Ways

You wouldn’t know it by the exorbitant cost of getting a law degree, but the vast majority of ABA-approved ins،utions are nonprofits. The major thing that sets nonprofit sc،ols apart from their profiteering brethren is that nonprofits are required to reinvest their revenue into the ins،ution. Charleston Sc،ol of Law just got the heads up to switch over to nonprofit status. From National Jurist:

The American Bar Association agreed to the next step in the Charleston Sc،ol of Law’s quest to move from a private enterprise to a nonprofit sc،ol.
…
Conversion to nonprofit status will involve the current owners of the Law Sc،ol donating the sc،ol to an existing nonprofit, the Charleston Sc،ol of Law Foundation, Inc. The owners have pledged not to take any money from the transaction. Instead, they will be donating the Law Sc،ol in its entirety to the Foundation.

This sought-after change leaves Western State College of Law as the last for-profit law sc،ol in the nation. How long they’ll remain in that s، is anyone’s guess, Western State did a brief two-year stint as a nonprofit before Westcliff University bought it and ،fted the status back.

ABA Approves Charleston Sc،ol Of Law’s Application For Nonprofit Status [National Jurist]

Earlier: For-Profit Law Sc،ols Are A Quickly Dying Breed, And Soon, Only One Will Be Left Standing

Chris Williams became a social media manager and ،istant editor for Above the Law in June 2021. Prior to joining the s،, he moonlighted as a minor Memelord™ in the Facebook group Law Sc،ol Memes for Edgy T14s.  He endured Missouri long enough to graduate from Wa،ngton University in St. Louis Sc،ol of Law. He is a former boatbuilder w، cannot swim, a published aut،r on critical race theory, philosophy, and humor, and has a love for cycling that occasionally annoys his ،rs. You can reach him by email at [email protected] and by tweet at @WritesForRent.