June 24, 2012

SUDDENLY, IT’S A BUYER’S MARKET: Prospective Students Tell Law Schools, “Show us the money.” “Law schools experienced a 25% decline in applicants nationwide during the past two years, due in part to the tight job market for new lawyers and a more widespread understanding of the high costs of attending. Many have responded by accepting a larger percentage of applicants and sweetening their scholarship packages, in hopes of locking in prospective students. For their part, many would-be law students sense opportunity and are aggressively negotiating scholarship offers from competing schools. . . . The trickle-down effect of competition for students may be hitting lower-tier schools the hardest.”

Just as I predicted.

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