A former Mizzou law professor gave his old school a gift of $1.57 million.
Members of the Nancy and Charles Wall Family Foundation want their donation to help the MU Law School compete with other universities across the country.
University officials made their announcement this morning at the Reynolds Alumni Center.
MU Chancellor Brady Deaton said new endowed faculty chair Thom Lambert will use the money to compete with top private and public law schools for outstanding faculty members.
Law school administrators said they now have an advantage of attracting and retaining elite law professors.
MU Law School Dean Gary Myers said, ??We compete with schools that have larger endowments and that have more funds available. The gift that we received and announced today serves to level that playing field and make us competitive with the best law schools in this country.??
MU Law School faculty plan to use their gift to focus on corporate governance research such as the 2006 bankruptcy of the Enron Corporation that was an American energy company based in Houston.