Law University face faculty crunch

Bangalore, May 3 (UNI) Country's only Law University based here is facing good faculty crunch, according to former Karnataka and Kerala High Court Chief Justice, Dr Justice V S Malimath said today.

Expressing his deep concern, Justice Malimath, who was also a member of Governing Council of National Law School of India University (NLSIU), he said, "Due to lucrative jobs offered in India and abroad to law graduates, NLSIU was facing shortage of good faculty." Speaking at a functioning organised to mark the signing of Memorandum of Understanding for establishment of a International Law Chair being endowed by UK-based law firm Allen and Overy.

He said that in the context of globalisation, more and more foreign companies were establishing their offices in India and the Chair established today would go long way in helping the Indian students to become familiar about UK's Financial Law and help business community.

UK Department for Constitutional Affairs Under Secretary Baroness Ashton, speaking on the occasion said it was a good opportunity to explore possibility of forging partnership and this step by Allen and Overy would help in further strengthening the close ties between the two countries.

The MoU was signed by NLSIU Vice Chancellor Prof A Jayagovind and Allen and Overy Partner Alex Pease.

Prof Jayagovind said that establishment of International Financial Chair was one of the milestones in the history of India's legal education in general and for the NLSIU in particular. This Chair was the first International Chair to be funded by any international law firm to any of the law schools in the country.

"This would not only further the existing linkages between National Law School and Bar but also goes a long way in fully redeeming the NLSIU's objective of producing 'trans-national lawyers', who can cater to the needs of every changing globalised world. Allen and Overy would help in selecting and appointing a high-profiled Professor of International Financial Law, who would be known as the Allen and Overy Professor of International Financial Law.

UNI