Law schools grow increasingly desperate to fill seats
Law school enrollment is down, and with more law schools than ever, there has never been a better time to be a prospective law school student, in the sense that you’re in a great bargaining position for scholarship money.
“The schools’ new strategies have arisen out of a period of turmoil for the legal academy that dates largely to the recession of 2009-10, when law firms, faced with shrinking demand for their services, laid off lawyers in droves and cut back on hiring recent law-school graduates. Hiring has bounced back somewhat since then, but it hasn’t returned to prerecession levels.”
“In the past 10 years, the amount of scholarship dollars awarded to law students has nearly tripled, according to the American Bar Association. For the 2008-09 school year, schools gave out about $816 million in scholarships, a figure that swelled to over $1 billion for the 2011-12 year.”
The really ridiculous aspect to this tale is that law schools refuse to lower tuition, ” Average in-state tuition for public law schools went up 9% from 2010 to 2011, to $22,116.” Instead, law schools believe the strategy of giving scholarships to every student they admit makes more sense. Right.