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The Recession Mounts the Ivory Tower: How the Lillian Goldman Law Library at Yale has met the Challenges Posed by a Declining Economy

  • Femi Cadmus and Blair Kaufmann

Abstract

The global recession has wrought havoc on the budgets of libraries worldwide, forcing administrators to reassess priorities and change direction midcourse. Privately funded academic libraries which typically rely heavily on large endowments have not been exempt and in fact have probably been hit the hardest. The challenges encountered by this long drawn financial crisis have ultimately provided opportunities to reassess priorities and conduct business more efficiently. This paper was presented at the BIALL Conference in June 2010 by Femi Cadmus and Blair Kaufmann.

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2 AALL Economic Outlook follow-up Survey October 2009 http://aallnet.pbworks.com/f/Comparative+Summary.pdf

3 The Yale Daily News reported that Harvard's endowment dropped by 30 percent and Yale's by 30.4 percent in the 2009 fiscal year. Zuckerman, Esther “Harvard's Endowment sees Sharp Decline” (11th Sep 2009) Yale Daily News http://www.yaledailynews.com/news/university-news/2009/09/11/harvards-endowment-sees-sharp-decline/

4 Malan, Douglas S. “The Final Chapter for Court Libraries?” (25th Nov 2009) Connecticut Law Tribune http://www.law.com/jsp/lawtechnologynews/PubArticleLTN.jsp?id=1202435819329

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The Recession Mounts the Ivory Tower: How the Lillian Goldman Law Library at Yale has met the Challenges Posed by a Declining Economy

  • Femi Cadmus and Blair Kaufmann

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