From the Boston Globe:
Suffolk University Wednesday abruptly replaced president James McCarthy with a year remaining on his contract, and tapped a veteran educator with a reputation for turning around struggling colleges to serve as interim leader. ...
... Facing a decline in enrollment and revenue, the university announced in June it would freeze employee salaries for the next fiscal year. It also offered buyouts to all law school faculty members with tenure or renewable long-term contracts.
Given that Suffolk charges almost $45,000 in tuition alone but only places 37% of its graduates into fill-time JD-required jobs within 9 months after graduation (according to Wikipedia), maybe they're going to--and should--just shut it down. My guess, however, is that this is just a cost-cutting measure.