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The Law School Bubble Continues to Burst

| 2 Comments


From the provocatively entitled Inside the Law School Scam blog, a very interesting posting on Nov. 16:

October LSATs administered

2009 (all-time high): 60,746

2010: 54,345

2011: 45,169

2012: 37,780 (Lowest total since 1999)

In addition, the ratio of applicants to LSAT administrations has declined quite a bit since LSAC started allowing law schools to report only a matriculant's highest LSAT score (another sign of the tail wagging the dog). The result of this has been a big increase in re-taking, as reflected by the following numbers:


2003-04: applicants took the test 1.47 times on average

2010-11: 1.98 times on average

2011-12: 1.92 times on average

If 2012-13 sees the same number of tests per applicant on average, we can expect only 59,200 applicants in this cycle This is a lower number than the total number of people admitted to ABA schools two years ago.

All of this bodes extremely ill for law schools desirous of maintaining the quality of their student body while satisfying their universities' need for income....

2 Comments

Metaphor issue: How can a bubble continue to burst? :)

"Deflating" might have been better, but no ariose alliteration with "bubble."

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Isaac Gorodetski
Project Manager,
Center for Legal Policy at the
Manhattan Institute
igorodetski@manhattan-institute.org

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Manhattan Institute
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