According to Ethan Bronner at the New York Times, law school applications are headed for a 30-year low, reflecting increased concern over soaring tuition, crushing student debt and diminishing prospects of lucrative employment upon graduation.

Questions:
1. Summarize the recent trend in the number of applications to law schools.
2. What are your views on why the allure of law school does not lead to upward mobility as it has in the past?
3. Many students interested in taxation consider law school. Present the costs and benefits of this path as compared to obtaining an accounting degree or Master’s degree in taxation and a CPA.

Source:

Bronner, E. (2013). Law Schools’ Applications Fall as Costs Rise and Jobs Are Cut. The New York Times, January 30 (Retrievable online at http://www.nytimes.com/2013/01/31/education/law-schools-applications-fall-as-costs-rise-and-jobs-are-cut.html?hp&_r=1&)