HIGHER EDUCATION BUBBLE UPDATE, LEGAL EDUCATION EDITION: State Bar Proposals Fail to Address Law Students’ Woes. “Two topics in particular have occupied the attention of state bar authorities: the impact of student loan debt on lawyers, clients, and the profession, and whether additional skills training in law school would yield better employment outcomes for new lawyers. In addressing these two problems, the task forces usually misunderstand the consequences of lawyers’ student debts, and they zealously believe that better training will create jobs that do not exist. . . . The discussion of skills training is really about distributing the risk of legal education. Firms might lose money as a result of training lawyers versus law students possibly paying to train for jobs that don’t exist. The current system is designed to place this risk on law students, and they’ve neither been provided with sufficient information to make good choices about paying for legal education nor have made them. The result has been law school overbuilding, law graduate oversupply, and law school debts that aren’t payable without hardship repayment programs.”