Tuesday, January 25, 2011
Today the National Law Journal is reporting that Columbia will be starting an academic research center to study some of issues related to intersection of law, business and public policy as a result of a $10 million gift to the school.
The gift will endow one professorship each at the law and business schools, and allow scholars from both disciplines to generate research and real-world solutions to problems in business and law, administrators said. The center also seeks to encourage students to pursue careers “in the nexus of business, law, and public policy.”
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Columbia Law Dean David Schizer said during an interview Monday that the center is the next step in a series of ad-hoc collaborations the two schools began in 2004. “I think this is an institutional structure to make those collaborations permanent,” he said. “It’s going to create a community of people at both schools working together on research topics.”
Law professor Edward Morrison and business school Vice Dean Chris Mayer will jointly oversee the new center. They are already collaborating on research into the mortgage markets. Schizer foresaw additional research into the Dodd-Frank Wall Street Reform and Consumer Protection Act and systemic risk regulation.
The center will help develop curriculum for Columbia’s new three-year J.D./MBA program, announced last fall.