HIGHER EDUCATION BUBBLE UPDATE, LEGAL EDUCATION EDITION: Desperate Law Schools Are Admitting Way Too Many Poorly Qualified Students. “As their application numbers collapsed in recent years, a good number of law schools were forced to choose between their academic standards and their finances. With fewer qualified candidates to go around, some decided to shrink their enrollment numbers and forgo a bit of revenue rather than drastically relax their admission criteria. But many others took the path of least resistance, opening their doors to poorly qualified students willing to pay tuition. As a result, a depressing number of law schools are now filled with students who may simply not belong there.”

Who could have seen this coming?