December 21, 2013

HIGHER EDUCATION BUBBLE UPDATE, LEGAL EDUCATION EDITION: UC Hastings Law Dean Admits Major Flaws In Legal Education.

Wu compares law schools to Detroit automakers that assumed that when gasoline prices came down, people would flock to American-made cars again. “They mistook the cycle for the long-term trend,” Wu points out. “I believe we’re living through profound structural change. It’s not a cycle.”

Well, it’s both. But the change will remain even when the cycle reverses.