Attention Economy


Saturday, May 14, 2016

Law Schools in Trouble

There is growing evidence that the law school bubble has burst –
“The number of law school applicants nationwide has plummeted, to 51,000 as of April from 88,700 in 2006, according to the Law School Admissions Council. The Great Lakes region has been hit particularly hard, catching respected institutions like Minnesota by surprise when applicant numbers went into a tailspin.
It is the reverse of a trend that began during the enrollment boom of the early 2000s, when law schools were doing so well that some began moving to become self-financing entities supported by tuition and private donations. Now, as student enthusiasm for the law wanes, financially pinched schools need to decide whether sagging applications are a temporary blip or a fundamental course correction.”