Monday, February 23, 2015
Saturday, February 21, 2015
Friday, February 20, 2015
Thursday, February 19, 2015
A rather detailed announcement from the University; excerpts:
- Beginning with the 2015-16 academic year, the school will enroll entering 1L classes of about 100 students, resulting in a full-time student body of about 300. For comparison's sake, the current law school student body is 374 and includes the largest third-year class in school history. The Class of 2017, which entered last fall, had 101 members....
- In October 2014, the Board of Trustees authorized an increase in the payout from the law school's endowment income to 7.5 percent through 2017-18. This will add about $3 million to the law school budget in 2015-16. [BL note: typical endowment payouts are in the 4 to 4.5% range]...
- The current student-faculty ratio (9:1) will be preserved, but with smaller enrollments the allocation for faculty compensation will be reduced by about 20 percent (equivalent to six positions) and will be achieved through attrition over the four-year period. In addition, some senior faculty salaries will have a one-time salary reduction of 2 percent with salaries frozen for all faculty during the three-year period....
- Operating budgets will be reduced by 10 percent in 2015-16 with the exception of the library budget, which will grow by 2 percent.
- Although the financial model currently shows operating deficits for 2014-15 through 2017-18, the law school budget is projected to be back in balance by the 2018-19 academic year....
With a university-wide endowment of about $1.5 billion and only about 3,000 students undergraduate and graduate, Washington & Lee is quite a wealthy university--though how much of the endowment is for the law school is unclear, though I'm guessing a sizable amount. (Here are 2000 figures, and most of the endowments on that list have roughly doubled since.) A well-established law school (a member of the AALS since 1920!), Washington & Lee was most recently ranked 43rd in USNEWS.COM, though has ranked higher in prior years (sometimes in the top 25ish). I would imagine similarly dramatic changes are taking place elsewhere with perhaps less publicity about them.
Statement by one of two African-American federal judges in Missisippi upon sentencing three white men convicted of a racially motivated murder
Wednesday, February 18, 2015
Tuesday, February 17, 2015
The University of Pennsylvania Law School has named Professor Theodore Ruger, the current Deputy Dean of the law school, as its new permanent dean. He will take over from Interim Dean Wendell Pritchett this summer. Ted, who is a health law scholar and clerked for Justice Breyer, holds a JD from Harvard.
Monday, February 16, 2015
Professor Chirelstein, a 1953 graduate of the University of Chicago Law School and a leading tax scholar of his generation, taught at Yale Law School and then, from 1981 (with a brief stint in full-time practice as well) at Columbia Law School, where he was emeritus. I will post links to memorial notices when they appear.
UPDATE: Prof. Jeffrey Gordon (Columbia) writes: "Perhaps one thing to highlight is his corporate finance book co-authored with Victor Brudney, 1st ed. 1972, which opened the way to interdisciplinary scholarship in corporate law, as influential a book in its realm as say, Hart & Sacks or even Hart & Wechsler. Marvin also taught a generation of law students who made exceptionally important contributions, including Jack Coffee, Ron Gilson, Merritt Fox, and Roberta Romano but also many others. By the way, Marvin was in the same class as Robert Bork, and, according to a recent essay in Greenbag on Bork and Dworkin, Bork was a groomsman at his wedding."
ANOTHER: Columbia's memorial notice. (Thanks to Keith Rowley for the pointer.)