My recent look-through of the 1992 issues of ABA Journal produced a small stack of articles about law firms reducing hiring and cutting existing associates; this had been going on ever since the late 1980s, when the Gordon Gekko-style craze for corporate mergers and acquisitions fizzled out and the stock market crashed. The news filtered down to potential law students eventually: note the fall in enrollments for the 1993-1994 academic year. The New York Times and LSAC have indicated that 2010 and 2011 have seen reduced numbers of LSAT-takers and law-school enrollments. This decrease, too, is obviously related to the weak legal jobs market.
There's evidence of shrinking law school enrollment in other periods too. Some are due to the second World War, to Korea, and to early Vietnam; can I isolate economic factors that may encourage shrinking law school numbers? Bad legal jobs outlooks may do it; but perhaps a REALLY hot economy will too, as young people seek other opportunities.
There's evidence of shrinking law school enrollment in other periods too. Some are due to the second World War, to Korea, and to early Vietnam; can I isolate economic factors that may encourage shrinking law school numbers? Bad legal jobs outlooks may do it; but perhaps a REALLY hot economy will too, as young people seek other opportunities.
