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Started By
Message
Law school enrollments are falling off a cliff
Posted on 4/22/15 at 4:06 pm
Posted on 4/22/15 at 4:06 pm
LINK
quote:
Law schools across the country are facing their lowest enrollment numbers in years, causing some to slash their budgets and revamp their programs in an effort to attract students worried about finding a job in a diminished legal industry.
Nearly 46,000 people have applied so far to go to an accredited U.S. law school in the most recent admissions cycle, a figure that puts applications on track to hit just short of 53,000 total. By comparison, there were a total of 77,000 applicants in 2010 and 90,000 in 2004, according to the Law School Admission Council. Even top-ranked Harvard Law School witnessed a drop in applications before rebounding in the last two years.
Poor enrollment is hurting the bottom line at some schools. Washington and Lee’s School of Law said it plans to cut 12 positions, while Western Michigan University’s Thomas M. Cooley Law School delivered pink slips to more than half of its faculty and staff members last summer.
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Posted on 4/22/15 at 4:06 pm to Jim Rockford
Great news
They have done enough damage
They have done enough damage
This post was edited on 4/22/15 at 4:07 pm
Posted on 4/22/15 at 4:08 pm to Jim Rockford
Good.
Posted on 4/22/15 at 4:08 pm to Jim Rockford
Between this and the fact that over half of Louisiana attorneys are over the age of 50, it looks like I'm going to be an OT Baller after all.
Posted on 4/22/15 at 4:08 pm to Jim Rockford
Posted on 4/22/15 at 4:08 pm to Jim Rockford
Probably the market adjusting. From what I hear, it's pretty saturated at the moment.
Posted on 4/22/15 at 4:09 pm to Jim Rockford
quote:No one wants to accumulate $150k in debt and face the possibility of not finding a job. There are way too many lawyers already
Law school enrollments are falling off a cliff
Posted on 4/22/15 at 4:09 pm to GaryMyMan
quote:
Between this and the fact that over half of Louisiana attorneys are over the age of 50, it looks like I'm going to be an OT Baller after all.
This is my outlook at well
Posted on 4/22/15 at 4:10 pm to GaryMyMan
quote:
Between this and the fact that over half of Louisiana attorneys are over the age of 50, it looks like I'm going to be an OT Baller after all.
Every time I see an old judge or lawyer I just want to grab them and scream, "WHY WON'T YOU DIE YET?!?!"
Posted on 4/22/15 at 4:11 pm to Teddy Ruxpin
AI lawyers will do the same job for pennies an hour, baw.
Posted on 4/22/15 at 4:11 pm to Jim Rockford
Schools are doing that on purpose.
Sad thing is many lawschools wouldn't have budget problems even with the smaller classes if the main undergrad/grad school campuses they're tied to didn't suck up all their money
Sad thing is many lawschools wouldn't have budget problems even with the smaller classes if the main undergrad/grad school campuses they're tied to didn't suck up all their money
Posted on 4/22/15 at 4:12 pm to ForeverLSU02
quote:More importantly, there are far better ways to make a buck.
There are way too many lawyers already
Posted on 4/22/15 at 4:12 pm to SabiDojo
Screenshotting so I can save and use to damage your legal career when the moment is right.
Posted on 4/22/15 at 4:13 pm to Jim Rockford
This is fantastic news for everyone in the US besides the law schools themselves and professors that may be let go.
Current law students and lawyers are already dealing with an EXTREMELY over saturated job market leaving literally hundreds of thousands, if not millions, of law grads unemployed and up to their dicks in student loan debt.
This is also good for the student loan bubble that's inevitably going to burst.
Current law students and lawyers are already dealing with an EXTREMELY over saturated job market leaving literally hundreds of thousands, if not millions, of law grads unemployed and up to their dicks in student loan debt.
This is also good for the student loan bubble that's inevitably going to burst.
Posted on 4/22/15 at 4:13 pm to WDE24
quote:
More importantly, there are far better ways to make a buck.
This is what the problem is.
Posted on 4/22/15 at 4:16 pm to Lou Pai
Dammit. You got me. :/
Posted on 4/22/15 at 4:18 pm to SabiDojo
I was talking to a former Co-worker in a regional firm who had been a partner for 10+ years making plenty of money and he is still miserable. Said he would get out if he wasn't so far in.
Posted on 4/22/15 at 4:19 pm to WDE24
quote:
More importantly, there are far better ways to make a buck.
I'm listening...
Posted on 4/22/15 at 4:20 pm to Teddy Ruxpin
You whippersnappers just don't get it.
Yes, oversaturation of the market is one factor. But it's also because the business world is deliberately steering away from needing lawyers by proactively avoiding litigation. I have some of the same clients I had 10 years ago, but the number of files they are sending is now about 30% of what it was. And the lawyers they have, they don't pay. Rates do not keep up with expenses. Profit margins are shrinking. The profession is dying. Do something else.
I have another 15 years of this crap, btw.
Yes, oversaturation of the market is one factor. But it's also because the business world is deliberately steering away from needing lawyers by proactively avoiding litigation. I have some of the same clients I had 10 years ago, but the number of files they are sending is now about 30% of what it was. And the lawyers they have, they don't pay. Rates do not keep up with expenses. Profit margins are shrinking. The profession is dying. Do something else.
I have another 15 years of this crap, btw.
This post was edited on 4/22/15 at 4:21 pm
Posted on 4/22/15 at 4:21 pm to Jim Rockford
Good. Less muhfrickers for me to compete with.
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