The University of Southern California Gould School of Law suspended the launch of its graduate tax program because of declining job prospects for tax LL.M. graduates in the Los Angeles area. USC Dean Robert Rasmussen reports that the school will continue to monitor the employment situation and will begin the program when it is confident that the career prospects of its tax LL.M. graduates would match those of its J.D. graduates. (USC's business school continues to offer a Masters of Business Taxation.)
With its recent success in luring Nancy Staudt from Northwestern to join its incredibly strong group of Tax Profs -- Elizabeth Garrett (currently USC's Provost), Thomas Griffith, Edward Kleinbard, and Edward McCaffery -- USC is well positioned to support the program once market conditions improve. USC has experienced an upward trajectory in the U.S. News tax rankings in recent years (USC ranks 14th in the 2012 U.S. News Tax Rankings (up from 16th in 2011; USC was unranked in tax in 2010) and solidifies Los Angeles' #1 position in Ted Seto's Tax Faculty Metropolitan Area Rankings.
For more on the decision to attend graduate tax programs in the current economic climate, see:
- Paul Caron (Cincinnati), Jennifer M. Kowal (Loyola-L.A.) & Katherine Pratt (Loyola-L.A.), Pursuing a Tax LLM Degree: Why and When?
- Paul Caron (Cincinnati), Jennifer M. Kowal (Loyola-L.A.), Katherine Pratt (Loyola-L.A.) & Theodore P. Seto (Loyola-L.A.), Pursuing a Tax LLM Degree: Where?
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