Friday, October 2, 2015
Kaplan Test Prep, Survey: Majority of Law Schools Predict Application Bump in Current Cycle, But They Also Predict at Least One Law School Will Shut Down:
According to Kaplan Test Prep’s 2015 survey of admissions officers at 120 law schools across the United States*, the vast majority of law school admissions officers predict that they are going to see something they haven’t seen in many years: an increase in applications. Nearly nine in 10 (88%) are confident that their law school will see a spike for the 2015-2016 application cycle, compared to the previous cycle. This level of optimism represents a dramatic reversal of opinion from Kaplan’s 2014 survey when only 46% expressed confidence that their law school would see an increase in applications over the previous cycle. That spike that nearly half predicted didn’t come to fruition. In fact, the 2014 entering law school class was the smallest one in 40 years. ...
But current data from the Law School Admission Council, the organization that writes the LSAT®, shows that admissions officers might be onto something. For three consecutive administrations of the LSAT — December 2014, February 2015, and June 2015 — the number of LSAT takers increased, compared to the previous year. This is a pattern not seen since the 2009-2010 cycle, during the Great Recession.
Kaplan’s survey also found that just 35% of law schools cut the number of seats for their 2015 class of first-year students, much lower than the 54% who reported doing so for the 2014 class of 1Ls. ...
It’s not all good news though. Law school admissions officers say the past few years of slumping applications are taking its toll — 87% predict at least one law school will close its doors over the next few years due to financial insolvability.