Monday, December 1, 2014

Law School Becomes Buyers' Market as Competition for Best Students Increases - NYTimes.com

Law School Becomes Buyers' Market as Competition for Best Students Increases - NYTimes.com
by Elizabeth Olson
The number of first-year law school students fell 11 percent in the fall of 2013 from the fall of 2012, part of a 24 percent decline in just three years, according to the American Bar Association. The incoming class in 2013 stood at 39,675 students, the smallest first-year class since the 1970s, when law school enrollment began to rise substantially. About two-thirds, or 135, of the association’s accredited law schools, registered a drop in first-year enrollment that year — and little has changed this fall.
Nine months after graduating, only 57 percent of the 2013 graduates had full-time jobs that required passing the bar, according to the association. Law schools are left in the unenviable position of trying to allay students’ fears that they will not be able to find a job that pays enough to repay $150,000 to $200,000 in education loans.
“Students are voting with their feet, and demanding a better deal,” said Professor Rodriguez of Northwestern, who is also president of the Association of American Law Schools. “And they are willing to spend less,” he said, meaning they are seeking the best deal.
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