The University of Law reports rise in profits
updated on 16 August 2023
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The UK’s largest law school, The University of Law, has seen profits rise for the 18 months to 31 May 2022, according to the latest figures released.
The education provider’s profits before tax (on average per month) increased by 63% and revenue by 34% on the previous reporting period (ie, the 12 months to November 2020), taking the figures to £39.3 million and £233 million, respectively.
Having quickly adapted to online learning amid the pandemic, The University of Law reopened its UK campuses in September 2020, while continuing to run a combination of online and blended learning courses.
Professor Andrea Nollent, vice chancellor and chief executive, said: “During the last two academic years, we aimed to keep our campuses open for face-to-face study as much as possible, while successfully offering the ‘study guarantee’ that provided flexibility for students to switch between face-to-face and online study.”
The latest figures show that course fees contributed to £222.5 million of its revenue, with fee income from non-qualifying courses making up £6.5 million.
With eight campus locations in the UK (as well as the campuses of eight partner universities in the UK) and courses delivered at campuses in Berlin, Hong Kong and online, The University of Law has a large reach among aspiring lawyers. The university has also just announced an agreement with Royal Holloway, University of London to start teaching there from the 2023/24 academic year.
The past few years has also seen the slow integration of the Solicitors Qualifying Exam (SQE), with The University of Law developing a range of SQE preparation courses for the new centralised assessments, offering part time, full time, campus and online study options.
