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Columbia Law School Winter 2012 Magazine “AlternativE “focus on our BIllING?” core practices?” “neW sources “Missed of revenue?” “is the billable “Will clients opportunities hour Dying?” abroad?” pay more if we win?” “Is the economy “Who Will turning around?” be the next “are We DeWey?” maximizing neW “hoW can We technologies?” thrive in a more globalizeD “Do today’s WorlD?” clients “How do demand we best more?” “Add an train overseas young lawyers?” “How to office?” compete “Expand into “are aDDitional with hot areas of firm failures foreign practice?” inevitable?” firms?” “Can we do more with less?” “More firm mergers “A NEW RECRUITMENT ahead?” MODEl?” “Big bonuses?” “WIll OUR FIRM CUlTURE SURvIvE expansion?” What DOES THE FUTURE HOlD FOR lARGE lAW FIRMS p. 24 working.indd 10 1/7/13 4:15 PM Fromthe Dean Thank You AS WE CONCLUDE THE FALL SEMESTER, I’d like to express our gratitude for the generous support we received from so many graduates and friends last year. I am pleased to report that we set a new fundraising record: $51.3 million in new cash and new pledges in 2011–12. This is 35 percent more than our prior fundraising record set in 2007–08, and triple the level of support we received prior to when I began my service as dean in 2004. In five of the eight years I have served as dean, we have more than doubled the Law School’s traditional fundraising level. We owe this success to the many graduates and friends who have supported us so generously. SIGNIFICANT GROWTH IN NEW CASH AND PLEDGES 51.3 37.9 36.3 37.5 34.9 DOLLARS ($) IN MILLIONS DOLLARS 17.9 18.8 19.0 16.3 17.1 02–03* 03–04* 04–05 05–06 06–07 07–08 08–09 09–10 10–11 11–12 *INDICATES YEARS BEFORE DEAN SCHIZER’S APPOINTMENT Much of this support comes from new donors. In fact, we have received gifts of $500,000 or more from 97 donors since 2004. Of these donors, 70 had given much more modestly (and, in many cases, not at all) before then. This support of our graduates and friends has CAMPAIGN GIFTS OF $500,000 OR MORE* allowed us to increase the size of the voting faculty substantially, and to launch new curricular initiatives New or previously in national security law; transactional studies; climate 27 modest donors change law; sexuality and gender law; law, business, Existing donors and public policy; comparative law; institutional and social change; and a broad range of other fields. 70 * Based on a total of 97 gifts of $500,000 Campaign gifts have also allowed us to increase or more received the level of financial aid for our students, establish 60 since 2004. new endowed scholarships, and guarantee summer funding to all first- and second-year students since 2008. We have also substantially enhanced our loan repayment assistance program for the J.D. Class of 2008 and subsequent classes, and launched a number of new postgraduate fellowships as well. We have established 22 new endowed professorships and 11 new faculty research funds. Additionally, we have added a new floor to Jerome Greene Hall and made a number of other physical improvements to our vibrant campus. And, of course, we have much more still to do! Thank you again for your generosity and your commitment to our School. Your support helps us to train future generations to be stewards of the rule of law and leaders in every sector across the globe. LAW.COLUMBIA.EDU/MAGAZINE 1 Tableof Contents: features 34 THE BIG DROP BY PETER COY The euro zone is riddled with problems, and regional uncertainty is at an all-time high. Experts from Columbia Law School’s new Ira M. Millstein Center for Global Markets and Corporate Ownership examine how various potential outcomes are likely to impact the United States and the rest of the global financial system. 40 A TANGLED MESS BY CARRIE JOHNSON The Law School’s new Center for Constitutional Governance is off to a fast start. Its recent event on the territorial conflicts occurring between various Asian nations in the South China Sea showed the extent to which the news of the day can be impacted by issues of governmental structure and process. THE LEADING EDGE BY AMY FELDMAN Columbia Law School graduates serving as leaders at some of the world’s most successful and respected law firms examine the state of the profession. How has the economic crisis impacted large firm practice, what has changed over the years, and, most importantly, what’s on the horizon? 24 2 COLUMBIA LAW SCHOOL MAGAZINE FALL 2011 16 departments 5 16 20 21 22 NEWS & EVENTS SEE ALSO SETTING THE BAR FACULTY FOCUS PROFILES IN Gabrielle Wolf, David Antitrust Law, EU Law, Anu Bradford SCHOLARSHIP He, Merim Razbaeva, C. Scott Hemphill Curtis J. Milhaupt Adam Brunk 48 54 ALUMNI PROFILES AT ISSUE ESSAYS 56 FINANCIAL STABILITY 48 THE ADAPTER 54 FAMILY FOCUSED BY JEFFREY N. BY AMY FELDMAN BY PHILIP M. GENTY GORDON During an era of great AND JANE M. SPINAK By failing to institute economic uncertainty, For the past 30 years, important reforms Goldman Sachs attorney Columbia Law School’s relating to money David Greenwald ’83 family law clinics have market funds, the has honed an invaluable adapted with the times SEC has left the expertise in financial to address a shifting set financial system in a regulatory reform. of unmet needs. vulnerable position. 50 THE TRAILBLAZER 58 BY ANNA LOUIE CLASS NOTES SUSSMAN At the Ms. Foundation 76 for Women, Anika IN MEMORIAM Rahman ’90 is leading one of the country’s 80 QUESTIONS most important and PRESENTED influential women’s Da Chen ’90 rights organizations. THE LEADER BYY JO Y. WANG Financial expert V-Nee Yeh ’84 has experienced great success in the business world while also lending a hand on policy issues in his native Hong Kong. 52 Columbia Law School Magazine Dean david m. schizer Associate Dean for Development and Alumni Relations sonja carter Executive Director of Communications and Public Affairs elizabeth schmalz Editor matthew j.x. malady Managing Editor joy y. wang Assistant Editor kelly carroll Photography Director peter freed Copy Editor lauren pavlakovich Design and Art Direction b&g design studios Printing maar printing service, inc. Columbia Law School Magazine is published twice a year for alumni and friends of Columbia Law School by the Office of Development, Alumni Relations, and Communications. Opinions expressed in Columbia Law School Magazine do not necessarily reflect the views of Columbia Law School or Columbia University. This magazine is printed on FSC certified paper. Change of address information should be sent to: columbia law school 435 West 116 Street, Box A-2 New York, NY 10027 Attn: Office of Development, Alumni Relations, and Communications alumni office 212-854-2680 class notes and inquiries 212-854-5833 [email protected] Copyright 2012, The Trustees of Columbia University in the City of New York All rights reserved. find us online! Visit law.columbia.edu/magazine THROUGHOUT THE MAGAZINE, ICONS ALLOW YOU TO SAY, DO, SEE, AND LEARN MORE. Join the news & events Conversation Go Beyond EXPLORE TELL US WHAT Mary Jo White National YOU THINK IN OUR Security Event INTERACTIVES Focuses on COMMENTS SECTION Combating New Center RELATED TO Terrorism DEAN to Highlight SCHIZER ARTICLES Mary Jo White ’74 TAPPED FOR recently visited NYC BAR Columbia Law School TASK FORCE Public Law for a discussion on THE CENTER FOR CONSTITUTIONAL GOVERNANCE WILL national security law, Dean David M. Schizer FOSTER AN INTERACTIVE NETWORK OF PUBLIC LAW ALUMNI during which she was recently named AND PROFESSIONALS. stressed the need to the New York City for a wide range Bar Association’s Columbia Law School’s Center for Constitutional Governance of tools to address Task Force on New debuted this past summer under the leadership of Gillian e. threats from al-Qaeda. Lawyers in a Changing Speaking before a Profession. He will be Metzger ’95 and trevor W. Morrison ’98. the new center will packed audience, joined by more than strengthen the Law School’s existing presence in the public White drew from nine 30 members of the law community by sponsoring cutting-edge workshops and years of experience legal community in conferences on constitutional law issues, while also serving as as a U.S. Attorney for a combined effort to an interactive forum for graduates who have dedicated their the Southern District address what City Bar careers to public law and government service. of New York, a role in President Carey Dunne which she prosecuted referred to as “the the center will attract constitutional scholars and visiting dozens of terrorism plight of the young professors to Columbia Law School, as well as increase the Law cases. “I don’t believe lawyer,” which includes School’s influence in the fields of comparative public law, public legal prosecutions navigating challenges international law, and transnational law. are the only way to of the current job as co-directors, Metzger, the Stanley h. Fuld Professor of combat this threat,” market. “[T]he time has Law, and Morrison, the Liviu Librescu Professor of Law, will she said, adding that come for the leaders focus their energies on issues related to government structure, the military is also of our profession to View More largely responsible for respond,” said Dunne in governmental relationships, federalism, and separation of addressing national announcing formation powers. Both professors are recognized as leading scholars in WATCH VIDEOS AND security concerns. • of the new task force.

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