THEORY: There Was Never A Better Time To Enroll In Law School. “Is now the ideal time to enroll in law school? Steven Freedman, assistant dean for admissions at the University of Kansas School of Law, has been making the counterintuitive case that it is. In a series of posts on the law professor blog The Faculty Lounge, he argues that the relatively small number of people set to graduate with J.D.s in 2017 will mean better job prospects for those who do. In short, the supply of new lawyers will be much more closely aligned with the demand for their services than for the Class of 2013. . . . Freedman is not the first to float this idea. University of Washington School of Law professor Ryan Calo made a similar argument in Forbes in November.”

Fine, just don’t gamble on this with a lot of borrowed money.