Wealth Signal
Edition · Edition 046 / What repeats · Entry 02

The $30m law-school naming gift, twice in 48 hours Morgan and Helen Chu · Robert and Joan Clifford

Morgan Chu, chair of Irell & Manella’s litigation group, and his wife Helen gave $31.4 million to Harvard Law School — its largest gift on record — funding six professorships, announced Sunday 25 October. Robert and Joan Clifford gave $30 million to DePaul’s College of Law, announced Monday 26 October.

Two senior litigators, both giving to their own law schools, within a day of each other, at effectively the same number. Inference, not document: nothing connects the two decisions, and a sample of two is a coincidence until it is three. What it does establish is the price point — roughly $30m buys the largest gift in a top law school’s history in one case and a renamed college in the other, which is the fact that defeats the “naming rights were cheap” angle in section 03.

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