Independent College launched its first degrees in law and journalism in September 2008, the same week as Lehman Brothers went under. It was also the same week that Padraig Hourigan, a founding director of the business, got married to his wife Karen.  “Life was happening fast and we were thrown in at the deep end,” said Hourigan, who later became its president. “There really was no time to over-analyse the position we found ourselves in.”  Seventeen years later, Hourigan is selling his 25 per cent stake in the business. As part of the transaction, Independent College is merging with The…