The University of Iowa law school has an entering class of just 94 students, down from 150 last year. Inside Higher Ed has the story on Iowa, as well as other law schools that are shrinking.
It has taken the customer base for law schools a few years to figure out that the J.D. is an overpriced credential that for many will prove to be of scant value. Now that the market is reacting, however, I think we should expect to see some law schools closing, while many others search desperately for ways to cut costs. The professors most at risk are those who teach the kinds of peripheral, ideologically slanted courses that Charles Rounds calls
“bad sociology, not law.”