jne381 wrote:We all think reduced class size is optimal for the legal market, but how will it effect the law schools.
Is the reduced class size being reduced on the bottom end of their class, meaning those with the lowest scores of the batch? I woud assume this means these are people that would have not received scholarships.
That can be a tremendous hit to a law school if it is greater than 10 students or so. Even for a school with tuition at about $35,000, a loss of ten students will be a hit of $350,000. Obviously the numbers are different based on number of students and tuition rates.
These are funds that can be put toward scholarships, hiring additional faculty, upgrading facilities, increasing clinical opportunities, and any number of other things.
Theoretically, the law schools that can maintain their means and class size will be in an optimal position going forward.
Just a thought.
This is an interesting analysis, but you assume that the revenue generated from a full-pay student is greater than the cost of educating that student. I think this is a fair assumption to make (why would law schools operate at a loss by charging tuition that doesn't make them a profit?), but I would be interested to see some numbers about how much profit schools make off full-pay students relative to the total cost of educating that student.