Monday, October 1, 2012
Matt Leichter, 2011 a Sudden Drop for Law Schools, but Not Their Worst Year Ever:
Hidden on the ABA’s Web site is the remainder of the 2013 edition of the ABA-LSAC Official Guide to ABA Law School, which includes all kinds of tables consolidating the information found on the LSAC’s Official Guide
site. This makes inputting the data a lot easier and gives us the
opportunity to get a clear look at what happened to law schools between
2010 and 2011. The short answer: a sudden drop for law schools but still
not a bad year. ...
You can see that there were more matriculants in 2011 than in the
last trough year, 2007. Also obvious is that law schools accepted close
to the same number of applications in 2011 as in 2010 even though there
were about as many applications as in 2006. ...
By the way, did I mention that 2011 law graduates paid out $3.9 billion or more in student loans to their law schools?
The x-axis in previous versions of the law school debt blob animation
stopped at 90 million. I had to redo it this year because in 2011, one
law school made more than $101 million off its 999 mostly underemployed