For Most Law Students, Will The Value Of A Law Degree Exceed Its Cost?

“Cause, see, they call me a menace and if the shoe fits I’ll wear it /
But if it don’t then y’all swallow the truth, grin, and bear it.”Eminem

scales-money-vs-diploma-law-degree-law-school-300x167Law school nationwide enrollment has dropped 27.7 percent (52,488 to 37,924) from 2010 to 2014. Last year, Emory tax law professor Dorothy Brown wrote a Washington Post article titled “Law schools are in a death spiral,” detailing just how dire recent statistics have been. Last January, TaxProf Blog Editor Paul Caron wrote:

First-year enrollments have plunged almost 28 percent since 2010 and stand at their lowest level since 1973, according to the American Bar Association. Making matters worse, there are 53 more law schools now than there were then.

‘This continued decrease in student demand is consistent with our belief that the legal industry is experiencing a fundamental shift rather than a cyclical trend,’ Susan Fitzgerald, a higher education analyst at Moody’s Investors Service, said in a January report titled ‘No Relief in Sight.’

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