The school would also create a new dean of students position.
A nationwide search for a new dean is expected to begin in the fall.
This was the new and complete Dean, grown to maturity.
The new dean - the eighth at the school of law - will most likely earn $150,000 or more a year, she said.
A search committee will be appointed shortly to find a new dean, university officials said.
"One of the things the new dean will be doing is constantly working to make the endowment grow."
Jean Newton, the school's former development director, will be the new dean.
He has said he will name a new dean by April.
Karl Kramer was announced as the new dean, and will take up the position during 2012.
He said he did not know how long it would take to choose a new dean.