After eight years at the helm of the University of Virginia law school, Dean Paul G. Mahoney has announced he will return to teaching and scholarship next year.
Mahoney has presided over a period of financial growth and consistently strong rankings for the law school.
During the recent recession, Mahoney helped bring the law school’s capital campaign to a successful close in 2012, surpassing the $150 million goal by more than $20 million, according to a school news release.
The law school’s endowment – funding scholarships, professorships and other academic initiatives – had a market value of $463 million on June 30, 2014, making it the fifth-largest endowment among the nation’s law schools, the school said.
Despite the recession, the law school’s endowment on a per-student basis grew 55 percent during Mahoney’s tenure, the school reported.
UVa president Teresa A. Sullivan said Mahoney’s tenure has been “remarkable.”
“He has worked tirelessly to maintain the school’s standing as one of the premier law programs in the world. The University community is very grateful for his leadership and looks forward to his continued contributions on the faculty,” Sullivan said.
Mahoney, a David and Mary Harrison Distinguished Professor and the Arnold H. Leon Professor of Law, joined the faculty in 1990 and is an expert in securities regulation, corporate finance, and law and economics.
Born and raised in St. Louis, Mahoney is a graduate of MIT and Yale law school. He clerked for Judge Ralph K. Winter Jr. of the U.S. Court of Appeals for the 2nd Circuit and U.S. Supreme Court Justice Thurgood Marshall.
Mahoney then practiced with Sullivan & Cromwell in New York before joining the UVa law faculty.
John C. Jeffries Jr., also a David and Mary Harrison Distinguished Professor and the former dean of the UVa law school, will chair the search committee for the next dean, the school said.