It was a GOOD week for…
GROWING LAW SCHOOLS, after Cornell Law School announced plans for its first substantial expansion in more than 25 years to make room for more teachers, according to the Cornell Daily Sun.
The top Ithaca, N.Y. law school will get underground classrooms, a revamped law library and its dormitory will transform into offices and meeting spaces, said Law School Dean Stewart Schwab, adding that the need for more square footage is prompted by its aggressive faculty hiring strategy over the next few years. The three-phase renovation will wrap up in late 2014, at the earliest, and will cost between $55 million and $60 million, Schwab told the newspaper.
It was a BAD week for…
SEEING SCHOOLS CASH IN ON STUDENT DEBT, after Thomas M. Cooley Law School raked in more funds than any other law school — $87.6 million, to be exact — in student debt in 2010, according to a calculation from Law School Tuition Blog.
Georgetown and Harvard saw the second and third highest gains in the private law school pack, enjoying $67.9 million and $58.2 million in debt revenues, respectively.
The average public law school gained $12.1 million in debt from 2010 grads, while the average private school earned $22.8 million. Aggregate law school graduate debt rose by a staggering $475 million between 2008 and 2010, according to the blog. (We’ll refrain from posting the recent national employment figures for lawyers out of school; no need to make a bad mood worse over a holiday weekend.)
