February 11, 2013
The Latest From The LSAC
Here are the latest law school application figures from the Law School Admissions Council:
As of 02/01/13, there are 244,784 Fall 2013 applications submitted by 34,618 applicants. Applicants are down 20.4% and applications are down 22.7% from 2012.
Last year at this time, we had 64% of the preliminary final applicant count.
Cue the stories on the death of law schools. While we're on the subject, TR News & Insight reports that law firm hiring in 2012 was flat. In the meantime, Business Insider reports that law firm profits jump a "whopping" 4.3% last year, though that might not be sustainable as a trend. I don't know. Cutting people costs while sustaining the same level of operation may contribute to a healthier firm bottom line. Is that a sustainable trend? [MG]