? Alm & Soled: 60% of Taxpayers Cheat on Deductions for Business-Related Car Expenses | Main
November 16, 2012
Burk: What Matters Most in Legal Education: Jobs, Not Cost or Curriculum
The Faculty Lounge:? What Matters Most (in Legal Ed These Days), by Bernard A. Burk (North Carolina):
What I?ve mostly been listening to and thinking about is the swelling threnody bemoaning ? or in some cases celebrating ? the impending Demise of Legal Education As We Know It. ...
There are roughly three categories of contumely being heaped on the legal academy these days. Two of them have received disproportionate attention, and what?s striking is that they are pretty clearly not the ones that Matter Most. Those two are arrays of related contentions (1) that law school fails to prepare students for practice; and (2) that law school costs too much. ...
What Matters Most is that there are today significantly more seats in accredited American law schools than there are entry-level law jobs for the emerging graduates. This is obviously neither an original nor a novel observation; lots of people in addition to me have written about it. But its fundamental importance has received surprisingly little attention. ...
I?ll have more to say about this in coming months, but this post is already long enough. The long and the short of it is that What Matters Most is that there are too many law-school seats and not enough law-grad jobs. In most markets, what happens when there is an oversupply is that production and price fall until the market clears. That?s already happening today. Prospective law students have become aware of the undersupply of law jobs, and law-school applications are falling significantly. Many law schools appreciably reduced the size of their entering classes this fall in response to the falling number of qualified applicants. Price competition on tuition (right now predominantly through the tactical use of financial aid) is being reported. Many schools will shrink, and some will fail.? Many will experiment with curricular, placement and financial innovations to meet the demands of the times and attract more and more-qualified applicants. Critically, all of this will be driven by the applicant pool?s perceptions about what kinds of value a law degree will furnish by the time you?re done getting one. And that?s why the oversupply of law-grad production and the undersupply of entry-level jobs are What Matters Most right now. The really interesting questions are which schools are going to be most and most quickly affected by these forces and how.
November 16, 2012 in Legal Education | Permalink
TrackBack
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c4eab53ef017ee53c2f91970d
Listed below are links to weblogs that reference Burk: What Matters Most in Legal Education: Jobs, Not Cost or Curriculum:
Comments
For a licensed profession like law, the education pipeline would be expected to be related to the near term demand. The high cost does make an impact on those who might want to study law for business or professional reasons but not necessarily practice. My father did this in the 1960's where he took law at night after leaving the Navy, passed the bar but never practiced. He did use his legal training in his business activities.
A high cost legal education precludes this type of path (and thus a cushion of students for law schools when legal jobs are down).
Posted by: DirtyJobsGuy | Nov 16, 2012 4:18:19 PM
Post a comment
Source: http://taxprof.typepad.com/taxprof_blog/2012/11/burk-.html
derek fisher lyrid meteor shower hippocrates andrew breitbart red wings penguins the band
No comments:
Post a Comment