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.
This is, most likely, just an effect of demographics.
ReplyDeleteSimply 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.