Safety Net to Lure in New Law School Students
We all know that tons of people saw law school as a safe place to wait out the recession heralded by the fall 2008 collapse of Lehman Brothers. But because the recession was longer and deeper than people expected, law school wasn't a safe haven. Lena Najarro's New York Times article “Brooklyn Law School Offers a Safety Net for New Students” traces the recent history of the boom-to-bust cycle of law school admissions:
Now that law school enrollment has corrected (or over-corrected), law schools are finding creative ways to bring students back in. In addition to lowering costs and changing admission standards, schools are essentially offering money-back guarantees for employment:
Time will tell how all these strategies impact enrollment, but also student preparedness, job competition, delivery of legal services, and more as these students move through law school and enter the job market.