Since the economic downturn signaled by the fall of Lehman Brothers, law practice has become more competitive. Firms have failed, they are hiring fewer entry-level lawyers and, as a result, student demand for legal education has plummeted. According to the Law School Admissions Council, the organization that administers the LSAT, the number of students taking the exams was at an all-time high during the 2009-2010 academic year — 171,514 — and dropped to 101,689 in 2014-2015. The 205 American Bar Association-approved law schools are now competing for the best students in this shrunken pool.
Office of Strategic Communication