TenuredVulture wrote:I read today that the number of law school applicants is way down--54k, compared to over 100k in 2004. I wonder if the prospects for law school grads in say 2017 might be pretty good, assuming that the reduction in applicants reflects a similar reduction in number of people graduating law school.
Are you talking about the NY Times article? The real problem for law school grads is that Big Law is never going to operate the same way again. Paul Campos at Lawyers Guns & Money discussed that same problem today. http://www.lawyersgunsmoneyblog.com/2013/01/law-and-economics
More schools need to adopt the law practice approach for 3Ls that Washington & Lee started and a few other schools are starting to mimic--a skills immersion seminar followed by clinic/externship work and actual legal work. That would short-circuit at least part of the problem.