Sunday, November 18, 2012
Matt Bodie (St. Louis) hosted a five-part series on the law school financial crisis on PrawfsBlawg last week:
Reforming Legal Education's Finances: Let's Debate Specifics. This fall a lot of law schools are talking about finances. While the blawgosphere and even the national press have addressed the basic market changes driving these discussions, I have not seen a lot of specifics about the difficult financial choices at stake. Next week, I'll be posting a series of questions comparing different strategies for dealing with the new market realities. The intent of these questions is to get folks talking about the costs and benefits of different approaches, so we may have a better handle of how to address them at our own institutions.
Reforming Legal Education's Finances: Questions for the Week. This week PrawfsBlawg will be hosting an open forum on legal education's finances. Each day we'll have a fresh set of alternatives to debate as we consider ways to reform law school spending. ... [T]he intent of these questions is to pose these issues not in the abstract, but in contrast with other possibilities. The hope is to get people talking about the costs and benefits of different avenues for actual change as schools face hard choices.
- Is it better to cut tuition or class size?
- If tuition is to be cut, is it better to cut the sticker price or to increase aid to students? And if increasing aid to students, should it be through merit scholarships or loan repayment assistance?
- If a school is cutting costs, is it better to cut positions or to cut salaries?
- If faculty salaries are to be cut, is it better to have an across-the-board cut or cuts based on different principles?
- Should the faculty be responsible for implementing a cost-cutting plan or is that better left to the administration?