Apparently the news got out before the LSAC could update its Web site, but the proof is at The Wall Street Journal. There were only 33,673 LAST-takers in October 2013, which is just shy of the record low of 33,558 in 1998 going back to the 1980s.
The four-testing-period moving sum is at 107,182, a record low going back to February 2000 (107,153). To give some perspective, the record low for the moving sum was 15 years ago in October 1998 (102,073). Notably, the October LSAT decline is decelerating, last year there were 16 percent fewer test-takers; this year there are only 11 percent fewer. I’m not sure if the record low for LSAT-takers will arrive next year or the year after.
Despite the news around the Web (e.g. New England Law’s consolidation plans, declining LSAT scores, etc.) it’s still remarkable how resilient law schools have been. They’re offering bigger programs for fewer applicants. I know I’ve said this before, but if it weren’t for Grad PLUS loans and nondischargeable private loans (if that), certainly some schools would’ve failed by now. Talk about a bailout that came just in time.