Law School Applicants Surge 13%, Biggest Increase Since Dot-Com Bubble

DEAD7

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Law School Applicants Surge 13%, Biggest Increase Since Dot-Com Bubble


The number of people applying for admission to law school this fall surged nearly 13%, making it the largest year-over-year percentage increase since 2002, according to the latest data from the Law School Admission Council. And they were an impressive bunch. The number of people applying with LSAT scores in the highest band of 175 to 180 more than doubled from 732 last year to 1,487 this year. In total, 71,048 people applied to American Bar Association-accredited law schools this cycle, up from 62,964 at this point in 2020. That's still significantly lower than the historic high of 100,601 applicants in 2004, but it's by far the largest national applicant pool of the past decade.

Experts attribute the crush of applications to a number of factors, particularly the slowdown in the entry-level job market caused by the COVID-19 pandemic. Law school and other graduate programs historically become more popular when jobs are tougher to come by in slow economies. Law school applicants shot up nearly 18% in 2002, amid the bursting of the so-called dot-com bubble. The number of people applying also climbed nearly 4% in 2009, amid the Great Recession. But current events separate from the economy also prompted more people to consider a law degree this cycle [...]. The death of George Floyd, the national reckoning over systemic racism and inequality, and the death of iconic U.S. Supreme Court Justice Ruth Bader Ginsburg all focused attention on the rule of law and the role lawyers play in pushing for a more equitable society. Election years also tend to yield more law school applicants.
 

EndDomination

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Did the cost of law school go down? Where do these people think the money to pay for 5 and 6 figures worth of debt is gonna come from?
It’s gotten progressively more expensive.
The majority have no idea what they want to do in the profession or how they’re going to pay down their debt.
 

greenvale

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I don't think law school is worth it anymore unless you have a truly exceptional legal mind and/or can get significant scholarships:manny: There's way too many horror stories of people graduating with ridiculous debt and only able to get low paying legal jobs
I feel this is true for most advanced degrees now a days
 

MoneyTron

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This is surprising.. considering you've been hearing for what 5 years now there aren't enough legal jobs and that it's not worth it
You don't have to be a lawyer after getting a law degree though. There are a lot of non-practicing JD's in the business world.

I feel this is true for most advanced degrees now a days
As usual there's nuance needed. Getting an MBA from Strayer vs one from Wharton are two different things.
 

greenvale

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As usual there's nuance needed. Getting an MBA from Strayer vs one from Wharton are two different things.
I don’t disagree there but even then some industries it doesn’t really matter. For example, I’m in technology consulting and a lot of people are killing themselves to go to a top 20 for an MBA. With 4 YOE out of undergrad you can be close to 120-130 in a MCOL city. Unless you’re really trying to pivot to a completely different industry it’s hard to justify giving that salary plus at minimum a 10% raise each year up to shell out 200k for a wharton mba and get 160 base somewhere. :yeshrug:
 

Shogun

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I think a lot of people who are good at school figure its the logical next step.
And, the way education is going....damn near everyone is convinced theyre good at school these days.
 
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