Within the past week, however, Campos has made waves with his newest pair of posts, linked here and here. Rather than solely relying on me to accurately summarize his posts, I encourage you to read what he had to say. I also encourage you to read the comments section to his legal education-related posts, not only will you recognize a lot of great posters but the commenting content is as good as they come.
The first post that Campos made, which was widely cited and circulated through law-related news, from the ABA Journal to Above the Law, was provocatively titled: "80 to 85% of ABA law schools are currently losing money." Supporting his thesis was recent budget data from 23 public and 8 private law schools:
My survey of law school budgets suggests that, on average, law school revenues will be down this fiscal year by about 15% in real terms from where they were three years ago. Costs, meanwhile, have not decreased by the same amount — if anything, they are slightly higher (as of now the rankings struggle continues unabated). Very few law schools were running 15% operating surpluses three years ago, which means that the large majority of law schools — I estimate between 80% and 85% — are incurring significant operating deficits in the present fiscal year.Campos did say that the data he was provided was often from anonymous sources whose parent institutions may not be happy having their information spread, so he has not revealed which schools that he has looked nor will he let on which schools are in the clear.
I think it is a bit much to extrapolate the results of 31 law schools and claim that they are representative of the 200+ ABA accredited law schools. However, there is no denying Campos' feat in collecting so much data, nor the soundness of his analysis. If that many schools are really running deficits, it is only a matter of time before schools take more extreme measures in order to stay in business, and when that happens, you can bet OtLSS will be there to help cover it.