Saturday, March 19, 2011

Law School Applications Finally Drop

From the WSJ:

The number of law-school applicants this year is down 11.5% from a year ago to 66,876, according to the Law School Admission Council Inc. The figure, which is a tally of applications for the fall 2011 class, is the lowest since 2001 at this stage of the process.
Finally. For a while, the applicants were not responding to market signals, and the number of applicants kept going up as the labor market for lawyers was getting worse.

1 comment:

whydibuy said...

This is, most likely, just an effect of demographics.
Simply put, there are just less young people to fill up all the education institutions.

I actually agree with you about the demographics nightmare this country will have to endure for the next 15 years. The relentless contraction from a shrinking population, much like Japan, will not be good for economic growth.