Tuesday, April 15, 2014
Daily Business Review: Nova's Law School Offering Professors Voluntary Buyouts:
After 40 years as a law professor at Nova Southeastern University, Bruce Rogow—who has taught at the school since it first opened—delivered his final lecture last week. Rogow is one of dozens of tenured law professors to be offered buyouts by the school. ...
Nova’s NSU Shepard Broad Law Center is not the only law school to offer buyouts to professors. Several law schools around the country, including Albany Law School, Vermont Law School and University at Buffalo Law School, have offered faculty members buyouts to shore up finances as enrollment continues to drop.
At Nova, letters were sent to all 60 full-time law professors in March notifying them of the buyouts. To become eligible, professors must achieve a “point” rating of 60, which combines age and years of service. For example, Rogow is 74 and has taught at Nova for 40 years, so his score is 114.
The faculty has until May 25 to decide whether to take the buyouts, which have been capped at 20 percent of the faculty, according to Bob Jarvis, another longtime law professor. ... Gail Richmond, who has been teaching at Nova law school for 35 years, is another professor who is considering a buyout. “I might be taking it,” she said. “I’m certainly interested in it.” Because the number of professors eligible is capped at 20 percent, Richmond said she doesn’t feel the program will weed out all the experienced, senior faculty.
(Hat Tip: Above the Law.)