But now there is to be an institute and more faculty and a formal joint program and that all sounds very good. Chicago Law has slipped in the rankings in recent years and this seems like a good way to build on existing strengths to try and climb back up the league table, particularly as my sense is that some of the reason for the slippage was a decision to be less unique (or, put differently, more like everyone else).
Impressively, according to the dean of the law school
The investment will come at no cost to students, Schill said. The school simultaneously plans to add three clinics while expanding its research mission. "We can walk and chew gum at the same time," he said.Perhaps one of the first activities of the new Law and Economics Institute can be to teach the dean about opportunity costs.