For years they were considered the cash cows of academe, spinning off profits that could keep money-losing parts of the university afloat. But most law schools today are struggling to break even, buffeted by plummeting applications, a shrinking job market, and the constant pressure to avoid slipping in national rankings. First-year enrollment at the 204 J.D.-granting law schools accredited by the American Bar Association has fallen 30 percent from its peak six years ago. It’s slumped to its lowest level since 1973, when there were only 151 schools.

July 1, 2016 ・ From Chronicle of Higher Education