The National Law Journal reports that donations to top law schools have surged over the last five years. Since 2003, these elite law schools have raised in millions of dollars in donations:
- Harvard $214.9
- NYU Law $169.7
- Yale Law $111.7
- Columbia Law $ 98.2
- Penn Law $ 63.4
- Michigan Law $ 52.8
What are the schools doing with these enormous sums? According to the article, "In general, those schools and others have increased the numbers of specialized faculty, especially scholars with an international focus, and have boosted the number of scholarships available. They also have established legal clinics to provide students with practical experience and to help poor people in their communities who need legal help.
"In addition, more money has sparked a talent war among elite schools, with renowned professors hopscotching from Columbia to New York University to Harvard to Yale and back again, sometimes with attractive relocation packages."