Wednesday, December 28, 2011

The Law School Bubble?

See the interesting article, William D. Henderson & Rachel M. Zahorsky, The Law School Bubble: How Long Will It Last if Law Grads Can’t Pay Bills? ABA Journal (online)(January 1 [sic], 2012).

1 comment:

Unknown said...

I must study this article. I am astonished that law school tuition has risen substantially year after year, recession or no. Some law schools perhaps have a "product" that can command such ever-increasing prices (but even even premium law schools face a limit). But surely law schools as a class are not exempt from the "law" of supply and demand. I think of John Galbraith, who repeatedly preached that every bubble eventually bursts. I guess I think there is a legal education bubble.