Well, my title might be a little misleading, but The New York Times did report Thursday that law schools are contemplating faculty and staff layoffs due to law school applications dropping off the cliff.
The article states:
In the ’80s and ’90s, a liberal arts graduate who didn’t know what to do went to law school,” Professor Henderson of Indiana said. “Now you get $120,000 in debt and a default plan of last resort whose value is just too speculative. Students are voting with their feet. There are going to be massive layoffs in law schools this fall. We won’t have the bodies we need to meet the payroll.”
I imagine my title is accurate even if it was not discussed in the Times article. Some law school employees are about to get to test their theory about how valuable a law degree is in today’s job market.