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University Boards Need Strategic Planning Committees

As smaller colleges and universities face a growing financial strain from plummeting enrollment caused by a demographic shift, particularly in the Northeast, they may find themselves in a position to merge with another higher learning institution.
Members of university administrations typically have no experience in planning and executing mergers. But a well-qualified and engaged strategic planning committee can increase the chance that an appropriate merger will be completed by a university and mitigate the closure risk.

In this Bloomberg Law article, co-authored by Corporate partner Neil Lefkowitz, the authors discuss how smaller colleges facing financial strain may consider merging with other institutions and emphasizes the necessity of well-prepared strategic planning committees to navigate the complex merger process and avoid closure.

To read the full article, please visit Bloomberg Law’s website.