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Law School Economics: Ka-Ching!
New York Times ^ | July 16, 2011 | DAVID SEGAL

Posted on 07/16/2011 12:54:08 PM PDT by reaganaut1

WITH apologies to show business, there’s no business like the business of law school.

The basic rules of a market economy — even golden oldies, like a link between supply and demand — just don’t apply.

Legal diplomas have such allure that law schools have been able to jack up tuition four times faster than the soaring cost of college. And many law schools have added students to their incoming classes — a step that, for them, means almost pure profits — even during the worst recession in the legal profession’s history.

It is one of the academy’s open secrets: law schools toss off so much cash they are sometimes required to hand over as much as 30 percent of their revenue to universities, to subsidize less profitable fields.

In short, law schools have the power to raise prices and expand in ways that would make any company drool. And when a business has that power, it is apparently difficult to resist.

How difficult? For a sense, take a look at the strange case of New York Law School and its dean, Richard A. Matasar. For more than a decade, Mr. Matasar has been one of the legal academy’s most dogged and scolding critics, and he has repeatedly urged professors and fellow deans to rethink the basics of the law school business model and put the interests of students first.

“What I’ve said to people in giving talks like this in the past is, we should be ashamed of ourselves,” Mr. Matasar said at a 2009 meeting of the Association of American Law Schools. He ended with a challenge: If a law school can’t help its students achieve their goals, “we should shut the damn place down.”

(Excerpt) Read more at nytimes.com ...


TOPICS: Culture/Society; US: New York
KEYWORDS: lawschool
If there are too many lawyers, why on Earth does the Federal government offer subsidized Stafford student loans for law students?
1 posted on 07/16/2011 12:54:13 PM PDT by reaganaut1
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To: reaganaut1

So they can have more minority women suing for social justice or working to keep violent criminals out of prison?


2 posted on 07/16/2011 12:58:31 PM PDT by Trailerpark Badass
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To: reaganaut1

So they can have more minority women suing for social justice or working to keep violent criminals out of prison?


3 posted on 07/16/2011 12:58:38 PM PDT by Trailerpark Badass
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To: reaganaut1
Law School Economics:
 
 
" Uhhhhhh, that's not ours either! "
---Weiner, Obama, Pelosi, Frank, Pritzker and Associates, LLLP.

4 posted on 07/16/2011 12:58:41 PM PDT by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
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To: reaganaut1

When the Government can rob Peter to pay Paul, you can bet that Peter, Paul, and the Government are all going to need lawyers.


5 posted on 07/16/2011 1:10:56 PM PDT by Steely Tom (Obama goes on long after the thrill of Obama is gone)
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To: reaganaut1
Part of the boom in the numbers seeking a law degree rests on the fact there are much fewer opportunities for people compared to fifty years ago. When I was young I noticed that in South American countries most college students were in law. That was because at that time lawyering was “the only game in town.” Today America is now at that place in history that was South America fifty years ago. Ridiculous political leaders and their pure demagoguery, the Free Trade fanatics, EEOP, and an attitude of hyperindividualism with its addiction to power and pleasure combined to destroy our political economy. Law is now the only game in town!
6 posted on 07/16/2011 1:17:26 PM PDT by AEMILIUS PAULUS (It is a shame that when these people give a riot)
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To: reaganaut1
Casey Anthony's lawyers were paid by the State of Florida. They dragged the trial out so long, and threw so much shit against the wall that it caused the jury to give up and go home.

All the jury wanted to do after a couple months was go home and resume their lives, so they let Casey walk.

Now these bottom feeding reprobates are back at the trough, and are "appealing" Casey's conviction on 4 misdemeanor counts of lying to the police.

If this is not just for the money, I would like to know what it is.

I can't find enough gutter words and descriptions for this bunch of dirtbag lawyers.....they are truly disgusting and greedy people.

7 posted on 07/16/2011 1:35:22 PM PDT by B.O. Plenty (Give war a chance...)
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To: reaganaut1
"If there are too many lawyers, why on Earth does the Federal government offer subsidized Stafford student loans for law students? "

How very statist that thought is (not to imply that you are a statist).

Government picking what constitutes a viable education based on the needs of the nation.

How about we eliminate all student loans in their entirety. None. Zero. Zilch.

That act alone would contribute more to the restoration of the Republic than any other feasible act I have heard discussed in a long time.

End the stranglehold of the government educated intelligentsia. End government support for the funding of communist think tanks and "education" apparatus.

8 posted on 07/16/2011 1:49:29 PM PDT by Mariner (War Criminal #18)
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To: reaganaut1
WHERESTHEBUDGET
9 posted on 07/16/2011 2:07:32 PM PDT by FrankR ("If you can't make them see the light, let them feel the heat." - R. Reagan)
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To: reaganaut1

If there are too many lawyers...


If there were too many lawyers, people wouldn’t complain about legal fees being too high.


10 posted on 07/16/2011 3:04:27 PM PDT by Atlas Sneezed (Government borrowing is Taxation without Representation)
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To: reaganaut1

Did you ever wonder about the quality of education all that tuition money buys at our best law schools? Well, here are some questions from examinations taken by two of our most famous Harvard Law school graduates:

1. How many states are there in the USA?
(a) 10 (b)206 (c) 57

2. Name a large Island nation just 90 miles from Florida:
(a) China (b) Kenya (c) Kewber


11 posted on 07/16/2011 7:38:31 PM PDT by haroldeveryman
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