Texas A&M acquires a law school

With all the bad press law schools have gotten in the press of late, this bit of news out of Texas about Texas A&M acquiring a law school comes as a bit of an eyebrow raiser:

By this time next year, Texas Wesleyan School of Law could have a new name: Texas A&M University School of Law at Texas Wesleyan University.

The deal has been in the works since October 2011. Today both universities, as well as The Texas A&M University System, are announcing they signed a letter of intent for A&M University to pay $20 million to assume ownership and operations of Texas Wesleyan's law school; A&M would pay Texas Wesleyan an additional $5 million within five years of closing, says A&M System spokesman Steve Moore. Texas Wesleyan would remain the owner of the land and facilities and would rent them to A&M.

The deal would transform the Texas Wesleyan law school from a private to a public law school.

Here's the Texas A&M press release.

-bjmq