ALSBTALK:

Do recall that neither the AQ status nor the PQ status is a status that once earned is forever possessed.  Both AQ and PQ are on a rolling five year cycle.  

There  is an irrebuttable presumption of AQ status springing from the J.D. degree, as it does for all relevant terminal degrees:  but, that irrebuttable presumption only lasts three years. 

Starting in year four following graduation from law school a faculty member's AQ status and/or PQ status depends upon actions other than mere graduation.  Which actions are required is up to the school, but subject to the constraint that the school's criteria for AQ and criteria for PQ must match and further the school's Mission.

A school may and a school need not specify professional licensure as the or as one criteria for obtaining and/or sustaining the status AQ and/or the status PQ.  However, the AACSB Standards expressly recognize both [i] Accounting Ph.D.; and [ii] L.L.M. plus C.P.A. as terminally qualified in Accounting for the purposes of tax.

AQ and PQ, purportedly, have management by objective as their sole objective.  However, AQ and PQ are procedural rubrics that just so happen to facilitate post-tenure review.

Michael

Professor Michael J. O'Hara, J.D., Ph.D.
Finance, Banking, & Law Department
College of Business Administration
Mammel Hall 228 
University of Nebraska at Omaha
6708 Pine Street 
Omaha  NE  68182-0048
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(402) 554 - 2823 voice  fax (402) 554 - 2680
http://cba.unomaha.edu/faculty/mohara/web/ohara.htm