find the latest legal job
Senior Associate - Litigation & Dispute Resolution
Category: Litigation and Dispute Resolution | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Come work for a firm ranked in Lawyers Weekly Top 25 Attraction Firms
View details
Associate - Workplace Relations & Safety
Category: Industrial Relations and Employment Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Employer of choice · Strong team culture
View details
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
View details
COL announces history-making surplus

COL announces history-making surplus

The College of Law announced the largest surplus in its history yesterday (31 October).

A little more than $3 million in profit has been gleaned from the College’s $30 million operating rate according to its CEO, Neville Carter (pictured).

“We’ve had a good year and that’s all towards building the resources we need to fund the next stage,” Carter told Lawyers Weekly.

The next stage means focusing on the practitioner side of the business, which Carter admitted has been a “little more sluggish in its development everywhere”.

“It’s a very, very busy market, but no one in it yet has quite got the formula right for this century,” he said.

For many years the College has been a large provider of pre-admission training: the law student business.

Over the last 10 years, it has focused on establishing interstate operations and grappling with the challenges of online education, said Carter.

The College’s board has just approved the next three-year plan, which involves growing sophisticated education and professional development programs in the practitioner market.

At the moment, programs are confined to Australia and New Zealand and the College’s practitioner market has negligible overseas enrolments. But it has a plan to establish operations, at least experimentally, in Asia over the next three years in the context of its relationship with the English College of Law.

New digs

On Tuesday (30 October), the chief justice of NSW, Tom Bathurst, launched the College’s new premises - a larger office space in the same building.

“We’re taking a full floor and built a pretty classy educational school [and] this is a deliberate decision to get focused on the practitioner side of the business,” said Carter.

Specialist practice, targeting generalist practitioners seeking to develop their careers into specialisations or specialists wanting to deepen their skills through the College’s specialist master programs, will be the focus now.

Not about the money

The College had consciously gone out to generate surpluses over the last two years, Carter said, to build capacity to invest in this next stage of programs.

Despite the savings and the expansion plans, Carter is adamant that he is not out to “save a dollar, or make a dollar”.

“If you look at CLE across the board, the hour cost is not significant. The vast majority of our speakers contribute their services free-of-charge, the margins are very skinny, so I think anyone who’s starting with that model that sets out to save money would really be cutting so deeply into the bone,” he said, adding that

quality education is about responsibility to the half a generation of graduates the College trained online in a particular way.

“[They’re] looking around in their CLE markets and they’re not seeing the same stuff available, so it’s about repositioning for the needs of a changing market,” said Carter.

With that said, the College will need to significantly increase the size of its business and revenues in CLE and professional development to make the investment worthwhile.

“It’s not an entirely neutral proposition but certainly not something we see as being a cheaper way of doing things,” said Carter.

The College is currently in a joint venture with the Law Institute of Victoria and Carter said it hopes to work more closely with law societies in the future.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

COL announces history-making surplus
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
microphone
Oct 20 2017
Podcast: One of law’s most infamous alumni – in conversation with Julian Morrow
In this episode of The Lawyers Weekly Show, Melissa Coade is joined by The Chaser’s Julian Morrow....
protest
Oct 20 2017
High Court overturns ‘excessive’ anti-protest legislation
Bob Brown’s recent victory in the High Court over the Tasmanian government was a win for fundament...
Blocked
Oct 20 2017
Changes to Australian citizenship laws blocked
Attempts to beef up the requirements to obtain Australian citizenship were thwarted this week, after...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...