Kasowitzes Make 30th Reunion Gift
Marc E. Kasowitz '77 and his wife, Lori A. Kasowitz, continued their longstanding support of Cornell Law School with new gifts in honor of Mr. Kasowitz's 30th Reunion. As announced in June by the Office of Alumni Affairs & Development, the Kasowitzes have pledged $250,000 to augment their existing endowment of the Marc E. and Lori A. Kasowitz Scholarship, created in 2001. The Kasowitzes have also pledged $25,000 to the Annual Fund.
The Kasowitzes' $250,000 gift will be made during fiscal years 2007 through 2009, and the $25,000 donation to the Annual Fund will be made through 2011. These contributions complement earlier generosity; in addition to their 2001 Scholarship Endowment, in 1995, the Kasowitzes endowed the Marc E. and Lori A. Kasowitz Prize for Excellence in Legal Writing and Oral Advocacy, which the Law School awards each year to recognize the most distinguished writing and oral advocacy skills of first-year students. Essential to achieving excellence in the legal profession, these skills are among those that Marc Kasowitz has relied on to establish a dynamic and highly successful career in corporate litigation.
Programs that directly benefit students are of primary interest to Marc and Lori Kasowitz, and Cornell students are the chief beneficiaries of the couple's philanthropy to the Law School. The Kasowitz Scholarship is devoted to providing tuition relief and since its creation has provided seven Cornell Law students with such funds on the basis of need, character, and accomplishment. Awarded at the discretion of the Allan R. Tessler Dean, the Kasowitz Scholarship may be given to a student in any year of his or her tenure at Myron Taylor Hall.
"The high cost of tuition obliges those of us who have benefited from a Cornell law degree to give something back. There ought to be an option that doesn't compel Law School students to go $100,000 into debt, but that option exists only if alumni take it upon themselves to create it. Lori and I are delighted to help. The future of the profession depends on superior training of smart, capable lawyers, and it is gratifying to know that a fair share of them will have studied at Myron Taylor Hall."
In recognizing the Kasowitzes' latest gift, Stewart J. Schwab, the Allan R. Tessler Dean of Cornell Law School, noted that endowed scholarships yield many benefits. "The exemplary generosity of Marc and Lori Kasowitz," Dean Schwab said, "allows Cornell Law School to attract the most accomplished and promising J.D. candidates. Additionally, named scholarships let us allocate other resources to emerging and ongoing programs that have their own funding needs. First and foremost, to endow a scholarship is to create an opportunity for a deserving student-in most cases an opportunity that wouldn't otherwise exist. I also applaud the Kasowitzes for recognizing that it is important for alumni to support our annual fund even while making contributing significantly to our endowment. I hope others will follow their example."
Marc Kasowitz is managing partner of Kasowitz Benson Torres & Friedman LLP (KBTF), which he founded in 1993 after leaving Mayer Brown. As one of the most successful litigation firms in the country, KBTF names Blackstone Group, Celanese, Comcast, Liggett Group, Inc., Metlife, the Port Authority of New York and New Jersey and Donald Trump, among others, as clients, and annually has among the highest profits per partner of any law firm in the country. The firm's creative approach to litigation continues to win plaudits and loyalty from clients, as well as summary judgments, verdicts, settlements, and awards. Kasowitz Benson Torres & Friedman LLP now has more than 240 lawyers working in offices in San Francisco, Houston, and Atlanta, in addition to the main office in New York City. The August 2004 issue of The American Lawyer that featured a detailed profile of KBTF has a "power portrait" of firm founder Marc Kasowitz on its cover.
~contributed by John A. Lauricella