Shrinking Law Schools Face Financial Devastation
Money Quote: “The pain for law schools could last longer. “The decline in applicants will devastate the financial position of many law schools, and it remains to be seen how they will manage,” Tamanaha wrote. “The number of entering students in 2014 will go down to a level not seen in three decades, when there were 50 fewer law schools.”
And the U.S. News law school ranking fallout begins...
Money Quote: “The rankings do dramatically impact behavior.”
Law school becomes less selective
Money Quote: “Forty-two percent of applicants secured admission to the GW Law School last year – eroding selectivity by 13 percentage points in a single year as the school tried to amass tuition dollars despite declining application numbers.”