One of the long-haul effects of the credit crunch is beginning to manifest itself: US law schools are registering a notable decrease in the number of applicants, connected to dwindling job prospects for law graduates. This may not be bad news, as rationally-minded young people rationally decide to choose a different career. However, it would be interesting to find out what combination of factors drives the choice: the desire for better earnings, job-stability, career prospects, or something radically different?
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Categories: Higher Education