zman wrote:cusenation wrote:zman wrote:USC/UCLA/texas/Vandy might do the same thing next year if applications keep falling. But that's the million dollar question, will they keep falling??
No way USC/UCLA can afford to do this. Especially UCLA, since the entire UC-system is basically bankrupt. I don't know enough about the financial health of UT and the broader UT-system to speak on them..but I'm not sure that USC, UCLA and UT will ever need to do this. They will always have a healthy pool of qualified candidates just by virtue of being the flagship schools in their market, especially UT. I could see Vanderbilt potentially needing to do-this..but again, i dunno if they could afford it as a smaller university with a smaller endowment.
Applications will either keep falling or "maintain" at these reduced levels...I don't see anyway they increase unless there's a sudden surge in the lower LSAT brackets
yes they can to a certain extent. They have BLOATED bureaucracies. They have a ton of non-tenured profs they can easily fire, administrators they don't need. Don't forget the the LLM programs are growing and they compensate for the lost revenue elsewhere. You underestimate how much waste there is. UC system is not bankrupt. That's a myth, it's just propaganda from corrupt administrators who are not getting the yearly increases they have grown accustomed to. USC's law budget is growing despite the drop in enrollment(220 in 2013, 199 in 2014, 188 in 2015 and probably 170-180 for 2013) Same for Vandy. Texas will always be fine because they have no competition in state.
I completely agree that there are tons of things that could be cut to make up for lost revenue, I just don't think it's likely that they'll cut those. I'll defer to you abt the UC system since you seem to be more aware of what's going on, but when I see that UCLA and Boalt's RESIDENT tuition is more expensive than our private school tuition at WUSTL (and many other private schools), it makes me wonder. Also when we're talking about what is essentially a tuition bail-out, we're talking about more than just annual budgets of the law school. That's a university-level financial commitment, especially since law schools are traditionally a big source of revenue for their parent institutions.
Vanderbilt, UT, USC, and UCLA all have large endowments. But UCLA and USC both have around 2 billion less than WashU coupled with higher operating costs. The UT-system as a whole has 18 billion to WUSTL's 5 billion, but not sure how much of that pie belongs to UT-Austin specifically. And Vanderbilt probably has similar operating costs to WashU, still has 2 billion less. This isn't to say that they CAN'T do it. It'll just be harder for them.
But I think we agree that UT probably won't ever have to do this