The Bloom is Off the Law School Rose

This NYTimes headline is a grace note to yesterday’s post about being a lawyer: For 2nd Year, a Sharp Drop in Law School Entrance Tests.  The substance:

The Law School Admission Council reported that the was given 129,925 times in the 2011-12 academic year. That was well off the 155,050 of the year before and far from the peak of 171,514 in the year before that. In all, the number of test takers has fallen by nearly 25 percent in the last two years.

Is that all? As Mona Lisa Vito says in My Cousin Vinny, “No, dere’s more!”:

The decline reflects a spreading view that the legal market in the United States is in terrible shape and will have a hard time absorbing the roughly 45,000 students who are expected to graduate from law school in each of the next three years. And the problem may be deep and systemic.  Many lawyers and law professors have argued in recent years that the legal market will either stagnate or shrink as technology allows more low-end legal work to be handled overseas, and as corporations demand more cost-efficient fee arrangements from their firms.

I am not against becoming a lawyer. I am against becoming a lawyer without serious consideration of one’s prospects for a satisfying legal career.  Evidently others are concluding the same.

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  • Robert_Page

    Very interesting topic; however, I slightly disagree that the legal market will will shrink and more companies will outsource legal services. Lawyers are, and will probably always be needed. I agree with Raymond as to why the LSAT have been significantly declining, but I am  almost certain it will not continue at this rate.

  • Raymond Lin

    I think another concern is the rising cost of education and because of that, increasing years of debts to be paid off. The opportunity cost of being a lawyer may no longer interest this generation as the previous because we may have just gotten too lazy and want to get rich faster so that we can spend it during our younger years.