Looks like college students are starting to realize that applying to law school isn’t such an awesome idea after all. According to a piece by Nathan Koppel in the Wall Street Journal:
The number of law-school applicants this year is down 11.5% from a year ago to 66,876, according to the Law School Admission Council Inc. The figure, which is a tally of applications for the fall 2011 class, is the lowest since 2001 at this stage of the process. The Council estimates that the application process is 86% complete, based on historical patterns.
Law school can be a highly lucrative career move for graduates of top law schools who work for certain corporate law firms. For everyone else though, it’s really just a big debt hole.
Law school graduates just aren’t getting lucrative jobs like they used to, and college students are starting to figure that out.