Leaders and friends of Columbia Business School and Columbia Law School came together Thursday night, May 19, to celebrate the official launch of the Richard Paul Richman Center for Business, Law, and Public Policy, an interdisciplinary academic center that will be jointly administered by the schools.
The center is made possible through a $10 million grant awarded by the Richard Paul and Ellen S. Richman Private Family Foundation. Richard Richman, a graduate of both Columbia Law School (’72) and Columbia Business School (’73), is chairman of The Richman Group, one of the largest owners and developers of rental housing in the nation. He is a member of the Business School’s Board of Overseers and serves on the Dean’s Council at the Law School.
“The center will provide a space for great scholars of the law and business schools to formulate, collaborate, and debate the public policy issues of today,” Richman said. “We are here today to celebrate a great new institution for Columbia and, hopefully, for our nation.”
Business School Dean Glenn Hubbard and Law School Dean David Schizer will act as co-directors of the center, which will help connect scholarship with real-world applications. The center also will provide a platform for the exchange of ideas on timely and relevant issues, while inspiring students to pursue careers at the nexus of business, law, and public policy.
“There are a number of things that bring together our two schools,” Hubbard said. “A love of questioning will be the foundation of this center, which will develop new curricula for both the business and law schools and host faculty, alumni, and student dialogues on topics where business, law, and public policy converge.”
The Richman Foundation is also helping to fund two new professorships: the Richard Paul Richman Professorship of Law and the Richard Paul Richman Professorship of Business. In addition, a portion of the gift is supporting the launch of activities at the center, which will include curriculum development, the funding of faculty research projects, and extracurricular programming such as panel discussions and academic or industry conferences.
“I’m incredibly excited about this new center,” Schizer said. “For years we’ve talked about providing more opportunities for law and business students and alumni to interact and share ideas and best practices, and I am thrilled that this center will enable us to do so.”