The Law School Market Works
by Daniel Luzer
I’ve pointed out before that something isn’t really working out so well in the law school pipeline. The high cost of a law school education, together with the continuing weakness in the job market, means that going to law school isn’t always such a good financial decision. Going to a non-selective law school doesn’t seem to ever be a good financial decision
It looks like college students are finally paying attention.
According to an article by David Segal in the New York Times:
The Law School Admission Council reported that the LSAT was given 129,925 times in the 2011-12 academic year. That was well off the 155,050 of the year before and far from the peak of 171,514 in the year before that. In all, the number of test takers has fallen by nearly 25 percent in the last two years.
Good, kids. You’re paying attention.
Of course, that’s not much help to the 45,000 law students who will graduate this May (and next May, and the year after that). They didn’t get the memo in time and will still be on the hook for that life-crushing debt.
But things seem to be moving in the right direction. If fewer students take the LSATs, even fewer people will apply to (and actually attend) law school.