More colleges and universities are hiring in-house lawyers these days. But they should probably avoid doing so the way The Stevens Institute of Technology did: It waited until it was ordered to in a settlement with New Jersey’s attorney general.

The school’s new lawyer is just happy to have landed at Stevens’ campus in Hoboken, N.J. Kathy Schulz started in September as the school’s first general counsel in its 140-year history. And, following the turbulence of the AG’s investigation, which finally settled in January 2010, Stevens was certainly primed to embrace her.