Last summer, David Van Zandt announced that he was stepping down as dean of Northwestern Law, in order to assume the presidency of the New School here in New York. In the fall, he put his magnificent mansion on the market — for a whopping $4.7 million. (DVZ bought the 6,300-square-foot house, in Chicago’s tony Lincoln Park neighborhood, for $922,550 back in 1996.)
We were impressed. We wrote at the time: “It seems that Dean Van Zandt’s talents extend to real investing as well as academic administration!”
But some commenters were less enthused. Wrote one, “Let’s wait and see how much he actually gets, shall we?” Said a second, “I live in the area…. he will be lucky to get $3.0M.”
We can now report that a buyer has closed on President Van Zandt’s former home. How much did he get for it?
Isn’t it nice when people who do good also do well? David Van Zandt — the outgoing dean of Northwestern Law, and the incoming president of The New School — is a beloved figure, at NU Law and beyond. Professionally, he’s an innovator in legal education; personally, he’s a great guy. We’re big fans of his here at Above the Law, especially since he once wrote a guest commentary for our pages (on law school rankings).
When Dean Van Zandt announced his departure, Northwestern Law students were heartbroken. But don’t shed tears for DVZ: he’s going to a better place. Hello, New York City! [FN1]
And assuming The New School doesn’t provide its new president with housing, Dean Van Zandt should be able to snap up a fabulous pad for himself here in Gotham. He has put his Chicago mansion on the market, for a very pretty penny. If he succeeds in selling it for anywhere near the asking price, he’ll be able to live large in NYC.
Dean Van Zandt bought the home back in 1996, for $922,550. How much is it on the market for today?
Let’s find out — and ogle some pictures of the house, inside and out….
Law school deans come, law school deans go, but this departure hurts. As Dean of Northwestern Law School, David Van Zandt has been a strong voice for a more practice-oriented approach to legal education, and he’s been doing it from the unusual perch of top 14 law school.
But at the end of the year he will leave to become the President of the New School. And boy are they happy. From the New School’s press release:
“We are proud to welcome David Van Zandt to The New School,” said Michael J. Johnston, chair of the Board of Trustees. “Since 1919, New School leadership has stood at the vanguard of American higher education. The New School today has emerged as a major degree-granting university with academic strengths in the humanities and social sciences, design, public administration, and the performing arts. I am confident that David Van Zandt will make lasting and meaningful contributions here, building on our legacy of preparing socially responsible citizens for the challenges of the future. I along with the rest of the Board and the university community look forward to working with David.”
Dr. Van Zandt will assume his new position as president of The New School on January 1, 2011. He succeeds the university’s current president, Bob Kerrey, who will remain as New School president until the end of 2010 to ensure a seamless transition. Kerrey, who was appointed in 2001, led The New School during a period of unprecedented growth.
Dean Van Zandt deserves the praise. But the sadness coming out of Northwestern is palpable. The kids at Northwestern Law were very attached to their dean…
Average law school debt for graduates of private universities hovered around $122,000 last year. With only 57% of new attorneys actually obtaining real lawyer jobs, recent graduates have a lot to consider when it comes to managing their student loan payments. Thanks to our friends at SoFi, today’s infographic takes a look at student loan debt, including the possible benefits of refinancing for JDs…
Kinney Recruiting’sEvan Jowers is currently in Hong Kong for client meetings and still has a few slots available through October 22. Evan will also be in Hong Kong November 14 to December 15. Further, Robert Kinney has been in Frankfurt and Munich this week and is available for meetings with our Germany based readers.
One of our key law firm clients has referred us to one of their important clients in the US, Europe and China – a leading global technology supplier for the auto industry – in order to handle their search for a new Asia General Counsel and Asia Chief Compliance Officer.
Kinney is exclusively handling this in-house search.
This position will have a lot of responsibility and include supervision of eight attorneys underneath them in the Asia in-house team. The new hire will report directly to the global general counsel and global chief compliance officer, who is based in the US. The new hire’s ability to make judgement calls is going to be as important as their technical skill set background.
The position is based in Shanghai and will deal with the company’s operations all over Asia and also in India, including frequent acquisitions in the region.
It is expected that the new hire will come from a top US firm’s Shanghai, Beijing or Hong Kong offices, currently in a top flight corporate practice at the senior associate, counsel or partner level. Of course, the candidate can be currently in a relevant in-house role.
The JOBS Act created new tools for companies to publicly advertise securities deals online. As a result, thousands of new deals have hit the market and hundreds of millions in capital has been raised, spurring a wealth of new business development opportunities for attorneys.
Fund deals, startup capital raises, PIPE deals and loan syndicates are just a handful of the transactions benefiting from the JOBS Act. InvestorID FirmTM is a platform designed to help attorneys equip their clients with the workflow, marketing and compliance tools to publicly solicit a securities offering online. By providing clients with the tools to painlessly navigate the regulatory landscape of general solicitation, InvestorID FirmTM helps attorneys add value above just legal services.
The Jumpstart Our Business Startups Act (JOBS Act) went into effect in 2013 and permits Regulation D offerings of securities to be advertised publicly. This means that funds and companies can now use social media, emails and web sites to market transactions to new “accredited” investors.
However, with these new powers come new pain points. InvestorID FirmTM provides a secure, fully hosted, cloud-based platform with a breadth of tools for your clients, including: