TaxProf Blog

Editor: Paul L. Caron, Dean
Pepperdine University School of Law

Friday, March 6, 2015

Number of LSAT Test-Takers, Law School Applicants at 30+ Year Lows

LSAC has announced that it administered 101,689 LSATs in 2014-15, a 3.6% decline from the prior year and the lowest amount in the 27 years that the LSAC has been releasing this information:

LSAC

LSAC also has announced that "as of 2/27/15, there are 247,698 fall 2015 applications submitted by 36,120 applicants. Applicants are down 6.9% and applications are down 8.7% from 2014. Last year at this time, we had 71% of the preliminary final applicant count."

LSAC 2

Matt Leichter, LSAT Tea-Leaf Reading: February 2015 Edition:

Leichter

http://taxprof.typepad.com/taxprof_blog/2015/03/number-of-lsat-test-takers-.html

Legal Education | Permalink

Comments

or you could say the Feb administration increase of 4.4% was the largest increase since 2009-2010.

Posted by: KennyG | Mar 6, 2015 4:06:43 AM

100,000 LSATs appears to be the new norm. The labor market for attorneys can probably accommodate 20,000 to 25,000 new lawyers per year.

The whole 'crisis in legal education' arises from the fact that double that number were produced each year. If 50 schools would just close and if the rest would cut tuition (25 to 30 percent), then there is no problem with the legal profession.

Posted by: Jojo | Mar 6, 2015 7:25:04 AM

Effective tuition is already being cut by 25-50% at many law schools. At some law schools, the average law student is only paying half of the sticker price.

Posted by: AProf | Mar 6, 2015 7:16:42 PM

@AProf.

People are still paying sticker; most to subsidize the discounts to students with better chances at employment success (i.e., "reverse robin hood" scholarships).

Those folks are still getting scammed hard.

Posted by: terry malloy | Mar 7, 2015 6:40:12 AM

Aprof:

The ABA 509 reports specify the amount of tuition discounts each schools give, and whether they are conditional (one positive development is that many schools have been effectively forced to reduce, or completely stop playing the conditional scholarship game). Broad brush stroke generalizations like "effective tuition is cut by X at many law schools, or many students are now receiving discounts" are useless, and borderline disingenuous when the actual data are available.

Go, dig into the data and articulate which schools are giving how much in aid, and whether that's enough when compared with the debt they end up with relative to job prospects. In my mind, ONE person paying full tuition at any school private law school that does not place at least 70% of its class into full time, long term, bar required, non-school funded jobs, is one too many. But that's just me. What is acceptable to you? As you delve in the data, you'll see that far too many are paying full sticker many of the worst schools...

For example at Thomas Jefferson Law School, sticker is $44,9000. Only 53% are receiving a grant of any kind, and of those receiving a grant, the median grant amount is a mere $18,000. Notwithstanding discounts, Thomas Jefferson folks still graduate with extremely high debt (the class of 2013 had an AVERAGE debt of $180,000!) per U.S. News(see http://grad-schools.usnews.rankingsandreviews.com/best-graduate-schools/top-law-schools/grad-debt-rankings), for some of the most wretched employment prospects out there (see http://www.lstscorereports.com/schools/thomasjefferson/jobs/2013/)

T.J. is just one of many examples out there, AProf. we have the data, no need for platitudes and generalization. At which law schools is the average student only paying half price, precisely?

Posted by: Anon | Mar 7, 2015 8:30:58 AM

Meant tuition at T.J. is $49,000.

Posted by: Anon | Mar 7, 2015 8:33:46 AM