Richard Paul Richman Center Highlights Intersection of Business and Law

Summer 2011

“The complex challenges in public policy need to be informed by the pragmatic perspectives of both business and law,” said Richard P. Richman ’72 J.D.,
73 M.B.A. “Columbia’s intellectual capital in these two disciplines is unparalleled.”

This past winter, Columbia University announced the formation of the Richard Paul Richman Center for Business, Law, and Public Policy, a new institution that highlights the strong, ongoing relationship between Columbia Law School and Columbia Business School. 

Made possible by a gift from the Richard Paul and Ellen S. Richman Private Family Foundation, the center “brings together legal and business expertise to bear on some of the most pressing problems of our time,” said David M. Schizer, Dean and the Lucy G. Moses Professor of Law. “The result will be valuable public policy initiatives and also unparalleled educational opportunities for our students.” 

The grant, combined with a gift from the H.F. Lenfest Professorship Match, also established The Richard Paul Richman Professorship of Law, as well as a similar professorship at the Business School. Richman serves on the Dean’s Council at the Law School and is chairman of The Richman Group. The company is one of the largest owners and developers of rental property in the nation, and it is involved in the building of approximately 10 percent of the affordable housing in the U.S.
every year. 

In addition to supporting the Law School’s faculty, the center also seeks to inspire future generations of students to pursue careers that combine business, law, and public policy.

“The vision and generosity of the Richman family will have a lasting impact on Columbia and on the worlds of business and law,” said University President and Law School Professor Lee C. Bollinger ’71. “[T]he Richman Center will undoubtedly
be a valuable source of innovative scholarship and real-world solutions in the
years ahead.”