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.
Femi Cadmus & Blair Kaufman, The Recession Mounts the Ivory Tower: How the Lillian Goldman Law Library at Yale has Met the Challenges Posed by a Declining Economy, 10 Legal Information Management 275-279 (2010)
Library of Congress Subject Headings
Library materials budgets, Law libraries--finance, Law libraries--Management