The College of Law had been incorporated by royal charter as a charity in 1975, but in 2012, prior to the granting of university status, its educational and training business was split off and incorporated as a private limited company. This became The College of Law Limited and later The University of Law Limited. The college was granted degree-awarding powers in 2006, and in 2012 changed its name to The University of Law (ULaw) when it became the UK's first for-profit educational institution to be granted university status.