Places lots might go in suits around university (8)
I believe the answer is:
auctions
'places lots might go' is the definition.
I can't judge whether this definition defines the answer.
'suits around university' is the wordplay.
'suits' becomes 'actions' ('action' can be a synonym of 'suit').
'around' is an insertion indicator.
'university' becomes 'U' (abbreviation for university).
'actions' enclosing 'u' is 'AUCTIONS'.
'in' acts as a link.
Can you help me to learn more?
(Other definitions for auctions that I've seen before include "Cautions about public sales" , "Public sales to the highest bidders" .)