Monday, May 16, 2016
Staying Afloat: First Tier Toilet University of Minnesota School of Law Experiences a Big-Ass Drop in Applications Since 2010
The New Normal Arrives: On May 12, 2015, New York Times DealBook featured a lengthy article, by reporter Elizabeth Olson, under the banner headline “Minnesota Law School, Facing Waning Interest, Cuts Admissions.” Check out this portion of her conclusion:
“Even with taxpayer money coming in the door, Minnesota has been offsetting its expenses by shedding staff and leaving faculty openings unfilled. It has also explored new ways to strengthen graduate employment rates, which are another factor in maintaining its national reputation. The law school is adding a Minnesota Law Public Interest Residency Program, in which third-year students work full time in public interest and government jobs and earn a full-time paid position with the same organization for a year after graduation.
More than 50 percent of the school’s graduates stay in Minnesota, typically working at a locally headquartered corporation like Target or General Mills. Another slice of graduates joins small firms with two to 10 lawyers, or large law firms, or enters the public interest sector. As law firms have merged, however, there are fewer jobs, said David B. Potter, a Minnesota law graduate who is active in raising money for the school.
“We’ve had consolidation in the job market here,” said Mr. Potter, a partner at the law firm Fox Rothschild in Minneapolis. “Perhaps we don’t have the same variety of jobs that we once did.” Other strong supporters in the local legal community include the former Vice President Walter Mondale, an alumnus and a senior counsel at Dorsey & Whitney, a major Minneapolis law firm. Mr. Mondale actively backs the school – the dean’s office is in Mondale Hall — but even efforts like a recent $73 million fund-raising campaign cannot sustain a law school with a $54.8 million annual budget.
Some $13 million of that campaign was slated for needy students because Minnesota, like most schools, has expanded its financial aid, giving varying amounts to 90 percent of its students so they do not pay full price.
“People are turned off on legal education because of a lack of suitable paying jobs,” Mr. Mondale said. “I don’t think you can underestimate the havoc that these law school debts can cause.” [Emphasis mine]
You will notice that the cockroaches are still trying to game the employment placement statistics, with its “public interest residency program.” The bigger news is that we now have a former Vice President of the United States – and current Biglaw senior counsel – on record, stating that “legal education” can wreak havoc on the graduates. That is a great development. Hell, the Univer$ity of Minne$ota Sewer of Law is located in Walter F. Mondale Hall.
Other Coverage: On May 13, 2016 Minneapolis/St. Paul Business Journal managing editor Mark Reilly posted an article, which was entitled “University of Minnesota Law School slashes enrollment as demand cools.” Enjoy the full text below:
“There are a lot more empty seats in the University of Minnesota Law School's classes these days.
The New York Times reports its move to significantly cut enrollment, responding to a nationwide decline in interest for law degrees. The U of M's first-year law class size is down to 174 students, 30 percent lower than a few years ago.
Prior to the recession, law schools were enjoying a boom. But demand plummeted after 2010, when many law-school graduates found they couldn't find jobs that would justify the cost of the degree.
It's not just the U of M facing the decline; schools across the country have been cutting staff in recent years. Last year, the Hamline University School of Law and William Mitchell College of Law merged. The U of M's enrollment decline has been the largest of major schools, though; officials aren't sure why.
The University of Minnesota could have kept enrollment up by lowering admissions standards — taking in students who might otherwise have gone to a lower-ranked law school, for example. But officials didn't want to hurt the U of M's own standing as one of the nation's Top 25-ranked law schools. Another option: cutting tuition, as Iowa did in 2014, which helped reverse a decline in applications.
With fewer students comes lower tuition income, which is being supplemented at the U of M by subsidies from the school's Board of Regents, which has given $16.1 million to close law-school deficits through 2018.” [Emphasis mine]
Keep taking more money from the taxpayers, bitches. That will surely make them happy. Remember, the public views lawyers just a shade above used car salesmen – in terms of overall reputation. Then again, the swine who operate ABA-accredited toilets merely want to extend the scam until they reach the time when they want to retire.
Ranking: As you can see, the University of Minnesota School of Law is rated as the 22nd best law school in the entire country, by US “News” & World Report. Do you still want to attend commodes ranked in the second and third tier, Dumbass?!?!
Conclusion: The commode has resorted to faculty buyouts, in order to cope with the drop in applicants. Hell, the bastards even removed coffee from the faculty lounge. That must have been some crisis, huh?!?! Apparently, the pigs figured out that many of the remaining applicants – and more importantly, those who enroll – are willing to accept some tuition reductions, i.e. “scholarships,” while paying a high premium. After all, these students are attending a top 25 law school. Wait until these dolts graduate and see that the legal job market is still GLUTTED. Don’t give the swine too much credit for supposedly maintaining admission standards. They lowered tuition for many students, knowing that they could always resort to more handouts, in order to make up the shortfall. That is disgraceful conduct.
Posted by Nando at 2:52 PM