The document discusses the decline in law school applicants over the past decade. Between 2010-2011 and 2013, law school applicants progressively declined. The acceptance rate for law schools increased from 55.6% in 2004 to 76.9% in 2013 as schools attempted to match the reduction in demand with a reduction in supply. Prestigious law schools still have high employment rates around 95% concentrated in large law firms, while most other law schools have employment rates of 80% or above.

1. The Law School Bubble
Gaetan Lion
August 20, 2014
1

2. Source:
LSAC.org
2

3. Concentrating on the most recent periods capturing a
steady decline since the 2010-2011 season.
Source: LSAC.org
3

4. Progressive Decline in Law School Applicants over
the most recent three Fall Admission seasons
It is also interesting to observe the ramp up in applications. It looks like about half
of the applicants apply before February and half after February.
Source: LSAC.org
4

5. The acceptance rate has progressively increased from 55.6% in 2004 to 76.9% in 2013. Watch that starting in
2011, the industry has attempted to match the reduction in Demand (green) with a reduction in Supply (red).
Maybe some Law Schools are closing down.
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6. These are # of
applicants
from the blog
Associates’
Mind that
gatherered
data from
LSAC.org. See
spectacular
drop for
Cornell from
589 applicants
in 2010 down
to 309 in 2013!
6

7. The Top 14 Law Schools have
Employment Rates of around 95%
Source: Forbes
7
Employment prospects are still holding up at the top 14 Law Schools. This
is especially true if you focus on the most lucrative jobs at large Law Firms
according to Forbes.

8. 15th to 25th have employment at 80% or above (green).
And 26th to 56th have employment at or above 80%
except for two Schools (blue)
Source: Forbes 8
Employment rates are still reasonably high at around 80% of above for the majority of
Law Schools that rank from 15th to 56th. However, to assess the quality of those jobs call
for further analysis.