Jacksonville University President Tim Cost said Feb. 28 the institution’s decision to launch a College of Law meets demand from Fortune 500 companies to recruit talent and leadership with a legal background.
At a news conference at City Hall, Cost and Mayor Lenny Curry announced JU’s plans to open a law school in Downtown Jacksonville in the fall with $5 million in city backing.
The JU president said Jacksonville-based companies, including Fidelity National Information Services Inc., Florida Blue and Black Knight Inc., look for leadership with a legal education.
Cost said about 10% of Fortune 500 CEOs have a Juris Doctor degree.
“The timing is always good if there’s an opportunity. But there were times when going into the law school business, maybe eight or 10 years ago, was not as smart as it is today. So we’re glad to match it with the need,” Cost said.
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