According to a November 19, 2013 letter issued by AAUP President Rudy Fichtenbaum, Albany Law School's "administration and governing board have announced that, because of serious financial difficulties, notifications of faculty layoffs will be issued shortly."
The newly-formed AAUP chapter at Albany certainly disagrees that "financial exigency" exists. In a letter dated January 11, 2014, that group states (here):
The Chapter maintains that there is no showing of a bona fide institutional financial exigency or of individual faculty incompetence. Accordingly, no justification for faculty terminations exists. Since no faculty terminations are justified, the Chapter takes no position on what the order of layoffs would be if terminations were warranted under a state of financial exigency. In the absence of evidence of anything remotely resembling a bona fide financial exigency, firing any faculty member would depart from nationally accepted standards of law school governance.
The Albany Law School Chapter of the AAUP has made various documents available here. This situation will be one to watch.