The Economics of It All (with some funny numbers)
Ok. So Michael’s gone to the heart of this business: what’s going to happen with the legal profession and how will that affect law schools? (I was going to write how will law schools respond, but I think that implies more agency on our part than we’ll have. The profession is going to dictate to us what we’ll do.) As the profession becomes more stratified and there is relaxation of rules about practice by non-lawyers, how will that affect the economics of legal education? Are those changes already upon us?
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