Law Schools are Hemorrhaging Money
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  • Anthony

    “One observer estimates that over 80% of all law schools are operating at a loss.” If true that’s significant – time to review and revamp…

    • free_agent

      “revamp” as in “wave of bankruptcies”?

      • Anthony

        You’re definitely on to something.

  • tarentius

    Henry VI, Part II, act IV, Scene II, Line 73

  • Anthony

    The problem is that there are WAY too many law professors at most schools. And keep in mind, the average law professor makes around 200k per year, even the though average teaching load is quite low.

    Thirty years ago, most schools had way less faculty and administrative staff, and I don’t think many Americans believe that today’s lawyers are so much better trained than in the past. Many of these excess professors are teaching esoteric classes that are in line with their eccentric interests but have little value in the job market.

    • free_agent

      For the time being, I expect that those excess professors lower the faculty-student ratio and so improve the school’s ranking. No educational value, but significant competitive value.

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