Monday, May 20, 2019
Saturday, May 18, 2019
Details here, changes that could affect 10% of law schools that are presently accredited. What we are sure to see in response to this change is twofold: first, law schools worried about running afoul of the rule (and that will be more than just 10% of law schools) will increase bar-prep courses in the second and third years, and will invest in extra bar prep for the most at-risk students; and second, these law schools, almost all of which can't afford to shrink their incoming classes because of dependency on tuition revenue, will begin failing out more students after the first and second years. Unless the ABA monitors and regulates the latter, it will become the default move for at-risk law schools: they can still get a lot of the tuition revenue, without putting their accreditation at risk.
Wednesday, May 15, 2019
Wednesday, May 8, 2019
Monday, May 6, 2019
Professor Sadurski, a leading legal theorist and scholar of constitutionalism, has been a vigorous and penetrating critic of the reactionary and authoritarian "Law and Justice" party in Poland ("PiS" is the Polish acronym); he has now become the target of both civil and criminal legal actions attempting to silence him. The open letter is here, and they are accepting additional signatories in the comments.
Wednesday, May 1, 2019
From Professor Thompson's website at Georgetown (I've added institutional affiliations):
The Corporate Practice Commentator is pleased to announce the results of its twenty-fifth annual poll to select the ten best corporate and securities articles. Teachers in corporate and securities law were asked to select the best corporate and securities articles from a list of articles published and indexed in legal journals during 2018. Just short of 400 articles were on this year’s list. Because of the vagaries of publication, indexing, and mailing, some articles published in 2018 have a 2017 date, and not all articles containing a 2018 date were published and indexed in time to be included in this year’s list.
The articles, listed in alphabetical order of the initial author, are:
Yakov Amihud (NYU Business), Markus Schmid (St. Gallen) & Steven Davidoff Solomon (Berkeley). Settling the Staggered Board Debate. 166 U. Pa. L. Rev. 1475-1510 (2018).
Tamara Belinfanti (New York Law School) & Lynn Stout (late of Cornell). Contested Visions: The Value of Systems Theory for Corporate Law. 166 U. Pa. L. Rev. 578-631 (2018).
James D. Cox (Duke) & Randall S. Thomas (Vanderbilt). Delaware’s Retreat: Exploring Developing Fissures and Tectonic Shifts in Delaware Corporate Law. 42 Del. J. Corp. L. 323-389 (2018).
Jill E. Fisch (Penn). Governance by Contract: The Implications for Corporate Bylaws. 106 Cal. L. Rev. 373-409 (2018).
Jill E. Fisch (Penn), Jonah B. Gelbach (Penn, moving to Berkeley) & Jonathan Klick (Penn). The Logic and Limits of Event Studies in Securities Fraud Litigation. 96 Tex. L. Rev. 553-618 (2018).
George S. Geis (Virginia). Traceable Shares and Corporate Law. 113 Nw. U. L. Rev. 227-277 (2018).
Cathy Hwang (Utah). Deal Momentum. 65 UCLA L. Rev. 376-425 (2018).
Dorothy S. Lund (Southern California). The Case against Passive Shareholding Voting. 43 J. Corp. L. 493-536 (2018).
Edward B. Rock & Daniel L. Rubinfeld (both NYU). Antitrust for Institutional Investors. 82 Antitrust L. J. 221-78 (2018).
Mark J. Roe (Harvard). Stock-Market Short-Termism’s Impact. 167 U. Pa. L. Rev. 71-121 (2018).
Monday, April 29, 2019
Sunday, April 28, 2019
Congratulations to Chicago Alumni and Fellows who secured tenure-track jobs this year on the teaching market (UPDATED)
MOVING TO FRONT FROM APRIL 22
Another strong year for Chicago alums and Fellows on the teaching market. Although there were clearly more schools hiring this year, demand was remarkably weak in certain areas, like intellectual property. Happily, almost all our candidate secured offers, and several secured multiple offers. Here they are (with one omission [a Fellow] that will be added later when the decisions can be made public):
Ilya Beylin '08, who will join the law faculty at Seton Hall University. He graduated from the Law School with Honors and Order of the Coif, where he was Articles Editor of the Law Review. He clerked for Judge Stephen Williams on the U.S. Court of Appeals for the D.C. Circuit, and was an associate at Sullivan & Cromwell and then Sidley Austin, both in New York, as well as General Counsel of AngelList. He was a VAP and a postdoctoral scholar at, respectively, NYU Law School and Columbia Law School. His teaching and research interests include corporate law and finance, securities regulation, derivatives and other financial regulation, and bankruptcy.
Gregory Buchak '19, who will join the faculty of the Graduate School of Business at Stanford University. He will earn his J.D. and his Ph.D. in Finance both from the University of Chicago in June. At the Law School, he was a member of the Law Review and a Kirkland & Ellis Scholar. His teaching and research interests include corporate and consumer finance, law & economics, banking, and financial regulation.
Courtney Cox’14, who will join the law faculty at Fordham University. She graduated with Highest Honors and Order of the Coif from the Law School, where she was also a member of the Law Review, a Rubenstein Scholar and a Kirkland & Ellis Scholar. Before coming to Chicago, she earned her D.Phil. in Philosophy from Oxford University. Upon graduation from the Law School, she clerked for Judge Lynch on the U.S. Court of Appeals for the First Circuit, and was then an associate focusing on intellectual property litigation at Ropes & Gray in Boston. Her teaching and research interests include intellectual property, copyright, trademarks, trade secrets, jurisprudence, civil procedure, and property.
Stephanie M. Didwania '09, who will join the law faculty at Temple University. She graduated with Honors from the Law School, where she was the Comment and Development Editor of the University of Chicago Journal of International Law. She clerked for Judge Paez on the U.S. Court of Appeals for the Ninth Circuit and earned a Ph.D. in Managerial Economics and Strategy from the Kellogg School of Management at Northwestern University in 2016. Most recently, she was a Bigelow Fellow at the Law School. Her teaching and research interests include criminal law and criminal justice, intellectual property, torts, and antitrust.
Emma Kaufman, who will join the law faculty at New York University. She is currently a Bigelow Fellow at the Law School. She graduated from Yale Law School in 2015, where she was Comments Editor of the Yale Law Journal. Prior to law school, she earned a D.Phil. in Criminology as a Marshall Scholar at Oxford University. Before coming to Chicago, she clerked for Judge Tatel on the U.S. Court of Appeals for the D.C. Circuit and for Judge Oetken on the U.S. District Court for the Southern District of New York. Her teaching and research interests include criminal law and procedure, immigration law, administrative law, and remedies.
James (Jamie) Macleod ’12, who will join the faculty at Brooklyn Law School. He graduated with High Honors and Order of the Coif from the Law School, where he was an editor of the Law Review and a Kirkland & Ellis scholar all three years. He clerked for Judge Lohier on the U.S. Court of Appeals for the Second Circuit, and was a litigation associate, first at Williams & Connolly in D.C. and then at Gibson Dunn in New York, before joining Columbia Law School as an Associate-in-Law in 2017. His teaching and research interests include criminal law, torts, evidence, criminal procedure, legislation, and experimental jurisprudence.
Manisha Padi, who will join the law faculty at the University of California, Berkeley. She is currently a Bigelow Fellow at the Law School. She received her J.D. from Yale and her Ph.D. in Economics from MIT, both in 2017. Her teaching and research interests include contracts, bankruptcy, financial institutions, corporate law and finance and empirical legal studies.
Kyle Rozema, who will join the law faculty at Washington University, St. Louis. He is currently the Behavioral Law & Economics Fellow at the Law School. He received his J.D. in 2011 from Washington University, St. Louis and his PhD in Economics from Cornell University in 2015, with a dissertation on tax policy. He was a post-doctoral Fellow in Empirical Legal Studies at Northwestern before coming to Chicago in 2017. His teaching and research interests include federal income taxation, tax policy, law & economics, empirical legal studies, patents and torts.
Emily Winston '10, who will join the law faculty at the University of South Carolina. She is currently the Jacobson Research Fellow in Law & Business at New York University School of Law, where she was previously a Clinic Fellow and Supervising Attorney in the Business Law Transactions Clinic from 2014-16. Prior to joining NYU, she was a corporate associate at Dewey & LeBoeuf and then Paul Hastings, focusing on cross-border securities and corporate finance transactions involving Latin American companies. Her teaching and research interests include corporate law, securities regulation, contracts, international business transactions, and nonprofit and philanthropy law.
You can see a complete list of the several hundred alumni in teaching here.
Tuesday, April 23, 2019
New study finds little evidence that federal student loan limits drive tuition at professional schools (Michael Simkovic)
Robert Kelchen, Does the Bennett Hypothesis Hold in Professional Education? An Empirical Analysis, Research in Higher Education 1-26 (2019):
"Policymakers have been debating the Bennett Hypothesis—whether colleges increase tuition after the federal government increases access to student loans—for decades. Yet most of the prior research has focused on studying small changes to loan limits or Pell Grants for undergraduate students. In this study, I examine whether business schools (the most popular master’s program) and medical schools (one of the most-indebted programs) responded to a large increase in federal student loan limits in 2006 following the creation of the Grad PLUS program by raising tuition or living expenses as well as examining whether student debt burdens also increased. Using two quasi-experimental estimation strategies and program-level data from 2001 to 2016, I find little consistent evidence to support the Bennett Hypothesis in either medical or business schools."
Hat tip Frank Pasquale.