Tuesday, August 15, 2017
Local news item here. We've now seen three law schools close: in addition to Charlotte, also Whittier and Indiana Tech, all victims of the collapse in applications to law schools, which occurred in the wake of publicity about the recession in the market for new lawyers post-2008. Back in 2013, I guesstimated we might see up to 10 law schools close,and I still think that's possible. Of course, a sudden change to student loan rules could make that guesstimate look way too conservative, and it's hard to predict what Trump/DeVos will do on that front. But barring that, I doubt we'll see more than ten law schools close, and almost all will be younger and/or for-profit institutions.