Tuesday, January 24, 2012
There have been a number of articles in the popular press on the looming law school debt crisis. Here is a well-researched scholarly article on the subject.
The Coming Crash in Legal Education: How We Got Here and Where We Go Now by Richard W. Bourne.
Abstract: This paper will first track the ways in which the legal services market has grown and changed over the past forty years. It will then track the major changes that have attended legal education during the same period and the increasing dependence of the legal education industry on student debt. The paper will then explore why, at long last, the boom-times may have run their course and why, at some point, painful changes will likely occur. Though they cannot be described in detail, the author will attempt to outline the likely nature of the changes that will occur. Finally, the paper will briefly explore how the predicted reckoning may yet lead to an improvement in the marketing of legal services and an enhanced role for law schools in preparing new attorneys for the new bar they will be joining.
"All a poet can do today is warn." Wilfred Owen