If there was ever an argument for laissez-faire market forces over bad and unhelpful regulation, it’s here where the American Bar Association seems hell-bent on preventing law schools from balancing their budgets in any way other than price-gouging students who are getting too smart to pay.
There’s a trend piece in the Wall Street Journal today, covering something that we’ve talked about on a more granular level, regarding law schools firing staff and sometimes law professors to cope with the declining number of law school applications.
But the ABA, ever tone-deaf to the concerns of the actual law students who have to pay or borrow money to support the broken system of American legal education, is actually in the process of trying to make it harder for accredited law schools to fire professors and control their costs. In a world where the market is saying “we no longer want to pay this much for these services,” the ABA is trying further regulate exactly what kinds of services law schools provide.
It’s madness, but that’s legal education in the 21st century…