I believe in the market. People generally know what they want and how much it’s worth to them. Or they should. So it’s buyer beware. But around the time of the Financial Crisis—give or take a few years—the market for legal education was dysfunctional, and some think it’s still so.
The main issue was that schools, from the prominent to the struggling, were fudging their employment statistics and costs of attendance. Common tactics included lumping part-time, non-legal jobs, and law school funded jobs into a school’s employment rate, and leaving off living costs during winter and summer break. That’s misleading when attending law school could cost students $100,000 a year, including cost of living. Part-time non-legal jobs ain’t gonna cut it.
