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USC Law Pushes Back Tax LLM Program

Bad news for all of you who just didn't get enough of 1031 exchanges in your Intro to Federal Tax classes.

Apparently, USC's Gould School of Law has decided to delay the start of its LLM program in taxation, which it had just announced in September. The program was slated to start this fall, and had been accepting applications since October. At the Tax Prof Blog, Paul Caron quotes the dean of USC Law as attributing the delay to inability to recruit a sufficiently taxerrific director for the program. Guess John Harris wasn't available. 

However, Caron also received an e-mail from a 3L who had applied for the program, in which the student says that he received a phone call from a USC employee who sang a different tune:

When I inquired about the reasons, [] told me that USC is not confident that it would have been able to place graduates in really great positions (I don't remember exactly how she put it, but it was something like "really great positions") so they would rather postpone the inaugural year of the program. She said that USC could not justify having students invest so heavily in their program without the likeliness of a good job ...

Interesting. If true, one wonders why the dean didn't have the cojones to come right out and say that. He'd likely be hailed as a hero. An administrator finally admitting what most lawyers and wannabe lawyers know all too well -- that the job market kinda sucks -- and saving students from going deeper into debt in hopes of being one of the lucky ones who comes out the other end in one piece. Post-LLM employment stats seem to be of some concern on the discussion boards. See, for example, here and here.

Wise move on the part of USC? The beginning of a trend of schools developing a conscience and not trying to get those tuition dollars, job prospects be damned?

Posted by Eric Lipman on March 4, 2010 at 03:17 PM | Permalink | Comments (3)

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