Pop Goes the Law School Bubble

"Since 2004 the number of law-school applicants has dropped from almost 100,000 to 54,000," and law schools as a whole are in crisis. They're now home to, "Students with false expectations, deans with an overwhelming incentive to tell students what they want to hear, and few people with any reason to offer an effective counternarrative. It's not surprising that there have been so many more law students than jobs, and so many unhappy lawyers."