It’s the not-so-veiled secret of the law school tuition game: law schools are the cash cows of the university system. University presidents, often feeling a budget crunch from a decrease in state educational funding or weak, recession-era fundraising initiatives, know they can get cash out of law schools. For some reason, law students always seem willing to pay more for the same education.
When the New York Times wrote its big exposé on law school funding, I highlighted this exact issue. The most interesting part of that Times article was the research David Segal did into how much money universities take from law school coffers. After the article went up, I wrote: “[N]obody in their right mind would pay hundreds of thousands of dollars to get additional education in some of this crap, because they know they’ll never make enough to justify the cost. The university needs to subsidize that education in some way — and so they turn to law schools.”
Apparently, we didn’t know the half of it. One brave law school dean has been asked to tender his resignation by his university president. On his way out of the door, the dean decided to shine a light on the whole ugly mess of law school economics…
Continue reading “A Resigning Law Dean Spills The Beans On The Fleecing Of Law Students”














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