HIGHER EDUCATION BUBBLE UPDATE: Law Professor Pay Plummeted 30% This Decade While College President Pay Rose 20%. “Law school applicants and enrollment peaked around 2010, but have been in long term decline according to data from LSAC. In 2004, 105,000 prospective JD’s applied to law school. By 2010, it was 91,000, and by 2016 it had fallen to 57,000. As of 2022, applicants recovered only slightly to 64,000, still down 42 percent since 2010. Declining student interest may be due to a widespread perception among prospective students that law schools have become excessively political and distracted from their core mission, and related concerns that law schools are not doing enough to help their students prepare for the rigors of work as professionals in the private sector.”

I don’t know where people would get that idea.