Legal Education ROI

CLASS OF 2017 EMPLOYMENT REPORT: The Rankings

…And now, what you crave: law schools ranked by the percentage of their class of 2017 graduates in full-time, long-term, bar-passage-required jobs.

PERCENT GRADUATES EMPLOYED FULL-TIME/LONG-TERM IN BAR-PASSAGE-REQUIRED JOBS (EXCL. LAW-SCHOOL-FUNDED JOBS)
RANK LAW SCHOOL ’16 ’17 CHANGE
1. Duke 92.4% 93.8% 1.4%
2. Columbia 91.5% 92.8% 1.3%
3. Cornell 90.2% 92.1% 1.9%
4. Chicago 93.5% 92.1% -1.4%
5. Virginia 88.8% 91.6% 2.8%
6. Pennsylvania 89.1% 90.6% 1.5%
7. Michigan 91.1% 90.4% -0.7%
8. New York University 88.9% 88.6% -0.2%
9. California-Berkeley 84.2% 88.2% 4.0%
10. Harvard 88.0% 86.7% -1.2%
11. Vanderbilt 86.3% 86.2% -0.1%
12. Washington University 80.1% 85.8% 5.7%
13. Southern California 70.0% 85.6% 15.6%
14. Georgia 78.3% 84.0% 5.7%
15. Alabama 75.9% 83.2% 7.3%
16. Stanford 89.6% 82.7% -6.9%
17. Seton Hall 80.1% 82.6% 2.5%
18. Baylor 77.2% 82.3% 5.1%
19. Northwestern 81.5% 82.3% 0.7%
20. Tulsa 61.4% 81.4% 19.9%
21. Louisiana State 63.6% 81.3% 17.7%
22. Oklahoma 75.5% 80.8% 5.2%
23. Notre Dame 76.2% 80.7% 4.5%
24. Minnesota 74.4% 80.5% 6.1%
25. Cardozo, Yeshiva 74.6% 80.1% 5.6%
26. Washington and Lee 76.8% 79.8% 3.0%
27. Kentucky 70.7% 79.6% 8.9%
28. Boston College 80.6% 79.4% -1.2%
29. Temple 68.8% 79.3% 10.5%
30. Texas 79.8% 79.2% -0.6%
31. California-Los Angeles 75.6% 79.1% 3.4%
32. Illinois 78.9% 78.2% -0.7%
33. Iowa 71.0% 77.4% 6.4%
34. New Mexico 68.1% 77.4% 9.2%
35. New Hampshire 63.5% 77.0% 13.5%
36. Rutgers 73.1% 76.8% 3.8%
37. Georgetown 74.4% 76.8% 2.4%
38. Lincoln Memorial 76.5% 76.5% 0.0%
39. Ohio State 76.5% 76.4% -0.2%
40. Colorado 66.8% 76.2% 9.3%
41. Utah 59.5% 76.1% 16.6%
42. William and Mary 72.0% 76.0% 4.0%
43. Hofstra 73.2% 75.9% 2.7%
44. Florida 71.2% 75.9% 4.7%
45. Southern Methodist 75.2% 75.8% 0.6%
46. Cincinnati 71.2% 75.7% 4.6%
47. Belmont 71.0% 75.6% 4.6%
48. Boston University 71.0% 75.6% 4.5%
49. Missouri (Columbia) 67.5% 75.5% 8.0%
50. Villanova 69.2% 75.5% 6.3%
51. Nevada 72.4% 75.2% 2.8%
52. Wake Forest 73.4% 75.1% 1.8%
53. California-Irvine 71.2% 75.0% 3.8%
54. Yale 78.8% 75.0% -3.8%
55. Miami 64.4% 75.0% 10.6%
56. Pace 71.9% 74.7% 2.8%
57. West Virginia 62.6% 74.5% 11.9%
58. Montana 71.8% 74.4% 2.6%
59. Arizona State 68.9% 74.2% 5.3%
60. Wisconsin 71.4% 74.2% 2.9%
61. Missouri (Kansas City) 65.2% 74.1% 8.9%
62. Nebraska 65.3% 74.0% 8.8%
63. Tennessee 65.2% 73.0% 7.8%
64. St. Louis 66.2% 72.7% 6.5%
65. Florida International 70.6% 72.3% 1.7%
66. St. John’s 72.1% 72.0% -0.2%
67. Penn State (Penn State Law) 66.3% 71.9% 5.6%
68. Emory 70.1% 71.9% 1.8%
69. Brooklyn 66.9% 71.7% 4.8%
70. California-Davis 63.0% 71.3% 8.2%
71. Louisville 60.7% 71.2% 10.6%
72. Marquette 68.1% 71.2% 3.1%
73. Ohio Northern 48.6% 71.2% 22.5%
74. Drexel 75.5% 71.0% -4.5%
75. Albany 70.2% 70.9% 0.7%
76. North Carolina 67.7% 70.8% 3.1%
77. Florida State 72.0% 70.4% -1.5%
78. Denver 62.9% 70.2% 7.3%
79. Fordham 74.5% 70.2% -4.3%
80. George Washington 67.2% 69.8% 2.5%
81. Northeastern 57.2% 69.7% 12.5%
82. Memphis 67.0% 69.7% 2.7%
83. Mercer 60.6% 69.6% 9.0%
84. Georgia State 67.0% 69.6% 2.6%
85. Texas Tech 68.7% 69.5% 0.9%
86. City University 66.3% 69.1% 2.8%
87. Syracuse 60.2% 69.1% 8.9%
88. Washington 67.3% 68.9% 1.6%
89. Kansas 66.1% 68.6% 2.5%
90. Wyoming 74.6% 68.6% -6.1%
91. Creighton 57.5% 68.3% 10.8%
92. Loyola (CA) 62.1% 68.2% 6.1%
93. South Carolina 68.4% 68.1% -0.3%
94. Arkansas (Fayetteville) 64.5% 68.1% 3.6%
95. Touro 62.6% 68.0% 5.4%
96. Richmond 64.2% 67.8% 3.6%
97. Indiana (Bloomington) 69.6% 67.2% -2.4%
98. Penn State (Dickinson Law) 82.4% 67.2% -15.1%
99. Willamette 38.6% 67.0% 28.4%
100. Houston 67.5% 66.2% -1.3%
101. Washburn 68.0% 66.0% -2.0%
102. Oklahoma City 63.5% 65.6% 2.1%
103. Connecticut 71.5% 65.4% -6.2%
104. Arizona 68.5% 64.8% -3.7%
105. Texas A&M [Wesleyan] 59.5% 64.5% 5.0%
106. Tulane 63.3% 64.0% 0.7%
107. Liberty 55.2% 63.8% 8.6%
108. Stetson 56.5% 63.5% 7.0%
109. Duquesne 62.9% 63.5% 0.6%
110. Arkansas (Little Rock) 50.4% 63.3% 12.9%
111. Howard 47.8% 63.1% 15.3%
112. Pittsburgh 61.7% 63.0% 1.3%
113. Campbell 49.5% 62.9% 13.3%
114. Gonzaga 61.6% 62.6% 1.0%
115. Concordia 60.5% 62.5% 2.0%
116. North Dakota 51.3% 62.5% 11.2%
117. Samford 56.9% 62.3% 5.5%
118. Mississippi 57.0% 62.2% 5.2%
119. Loyola (IL) 57.4% 62.2% 4.7%
120. Drake 59.3% 62.1% 2.8%
121. Quinnipiac 44.7% 61.9% 17.2%
122. Oregon 51.2% 61.5% 10.4%
123. SUNY Buffalo 63.2% 61.2% -2.1%
124. George Mason 64.7% 60.5% -4.1%
125. Idaho 67.2% 60.4% -6.8%
126. Baltimore 51.6% 60.3% 8.6%
127. St. Mary’s 60.5% 60.2% -0.3%
128. Case Western Reserve 56.6% 60.1% 3.6%
129. Pepperdine 54.1% 60.1% 5.9%
130. Northern Illinois 59.1% 60.0% 0.9%
131. Brigham Young 64.6% 60.0% -4.6%
132. Chicago-Kent, IIT 56.2% 59.6% 3.4%
133. Texas Southern 52.3% 59.4% 7.1%
134. San Diego 46.8% 59.3% 12.5%
135. Michigan State 56.2% 59.3% 3.1%
136. Akron 46.8% 59.2% 12.4%
137. Widener (Commonwealth) 49.1% 59.0% 10.0%
138. Regent 64.8% 59.0% -5.8%
139. California-Hastings 51.3% 58.9% 7.6%
140. Hawaii 53.2% 58.3% 5.2%
141. South Dakota 70.7% 58.2% -12.5%
142. Seattle 52.2% 57.9% 5.7%
143. Maryland 59.2% 57.1% -2.0%
144. Nova Southeastern 49.0% 57.1% 8.1%
145. Loyola (LA) 46.8% 57.0% 10.3%
146. Wayne State 61.8% 57.0% -4.8%
147. Santa Clara 47.4% 56.6% 9.2%
148. John Marshall (Chicago) 51.7% 56.5% 4.8%
149. Lewis and Clark 53.1% 56.3% 3.2%
150. Vermont 50.9% 56.1% 5.2%
151. Maine 63.4% 55.4% -8.0%
152. Toledo 36.4% 55.3% 18.9%
153. Indiana (Indianapolis) 48.8% 55.2% 6.4%
154. Southern Illinois 57.3% 55.2% -2.1%
155. Massachusetts — Dartmouth 39.6% 55.1% 15.5%
156. Catholic 38.4% 55.0% 16.5%
157. DePaul 53.8% 54.8% 0.9%
158. Chapman 49.4% 54.7% 5.4%
159. St. Thomas (FL) 48.0% 54.7% 6.7%
160. Widener (Delaware) 47.4% 54.1% 6.7%
161. Roger Williams 51.2% 54.1% 2.9%
162. Capital 37.8% 53.8% 16.0%
163. California Western 46.6% 53.8% 7.2%
164. St. Thomas (MN) 55.7% 53.3% -2.4%
165. South Texas-Houston 52.9% 53.0% 0.2%
166. American 52.8% 53.0% 0.2%
167. Appalachian 35.7% 52.4% 16.7%
168. Mitchell|Hamline 57.6% 52.3% -5.3%
169. Cleveland State 52.1% 52.1% 0.0%
170. Mississippi College 59.3% 51.6% -7.6%
171. Northern Kentucky 48.3% 51.6% 3.3%
172. North Texas-Dallas N/A 51.5% N/A
173. New York Law School 53.3% 51.0% -2.3%
174. Dayton 49.4% 50.0% 0.6%
175. Faulkner 58.1% 49.4% -8.8%
176. San Francisco 32.9% 49.0% 16.2%
177. Pacific, McGeorge 40.3% 47.3% 7.0%
178. Suffolk 43.2% 46.7% 3.5%
179. Florida A&M 37.5% 46.6% 9.1%
180. Barry 33.6% 46.3% 12.7%
181. Southern University 45.5% 45.6% 0.1%
182. Charleston 53.2% 44.5% -8.6%
183. Western State 33.0% 43.8% 10.9%
184. Detroit Mercy 33.6% 43.7% 10.1%
185. Southwestern 38.9% 43.5% 4.6%
186. Western New England 42.7% 42.6% -0.1%
187. Florida Coastal 36.1% 40.8% 4.6%
188. Atlanta’s John Marshall 35.0% 40.7% 5.8%
189. Ave Maria 57.1% 39.5% -17.6%
190. Valparaiso 35.6% 38.4% 2.8%
191. New England 38.6% 38.2% -0.4%
192. Golden Gate 26.8% 37.9% 11.1%
193. Arizona Summit [Phoenix] 38.0% 34.4% -3.6%
194. Elon 33.7% 34.1% 0.4%
195. La Verne 13.7% 31.6% 17.9%
196. WMU Cooley 30.5% 30.7% 0.2%
197. North Carolina Central 35.0% 30.1% -4.9%
198. Whittier 29.7% 29.5% -0.2%
199. District of Columbia 34.0% 26.8% -7.3%
200. Thomas Jefferson 21.9% 23.6% 1.7%
201. Puerto Rico 22.5% 20.5% -2.0%
202. Inter American 9.9% 8.8% -1.1%
203. Pontifical Catholic 0.0% 0.7% 0.7%
204. Charlotte 23.5% N/A N/A
TOTAL (EXCL. P.R.) 62.5% 67.1% 4.6%
10TH PERCENTILE (EXCL. P.R.) 37.8% 45.6% 7.8%
25TH PERCENTILE (EXCL. P.R.) 51.2% 56.1% 4.9%
MEDIAN (EXCL. P.R.) 62.9% 66.1% 3.2%
75TH PERCENTILE (EXCL. P.R.) 71.2% 75.6% 4.4%
90TH PERCENTILE (EXCL. P.R.) 80.1% 82.6% 2.5%
MEAN (EXCL. P.R.) 60.7% 64.8% 4.1%

One school I omitted was Indiana Tech, which had graduating classes for the last two years but didn’t report any graduate employment outcomes for ’16 (much less ’17). The ’16 class had only 18 graduates, so it’s not a big loss, but to pound my fists again, the ABA should be maintaining data on all law schools on its required disclosures site and not just ones that have chosen not to shut down. It’s downright Orwellian.

**********

Because I hope to merge all my employment reports in the future, here’s a list of all of them.

Advertisements

CLASS OF 2017 EMPLOYMENT REPORT: Take That, JD-Advantage Jobs!

So I was all set to write up the class of 2017 employment report two weekends ago, but I went out of town twice, so that distracted me from my very important blogging duties. To make up for that I’m redoing my annual employment report by foregrounding the actual important information and editorials and then following up with the employed-bar-passage-required full-time, long-term ranking of shame.

To begin with, here’s the table of graduate underemployment. (Everything on this post excludes the three Puerto Rico law schools.)

STATUS (EXCL. P.R.) 2010 2011 2012 2013 2014 2015 2016 2017
Unemployed – Not Seeking 1,245 1,014 939 795 553 494 469 441
Unemployed – Seeking 2,686 4,016 4,770 5,060 4,103 3,744 3,142 2,614
Status Unknown 1,458 1,453 1,073 979 841 766 557 437
Total Grads 43,526 43,735 45,757 46,112 43,195 39,423 36,619 34,392
Unemployed – Not Seeking 2.9% 2.3% 2.1% 1.7% 1.3% 1.3% 1.3% 1.3%
Unemployed – Seeking 6.2% 9.2% 10.4% 11.0% 9.5% 9.5% 8.6% 7.6%
Status Unknown 3.3% 3.3% 2.3% 2.1% 1.9% 1.9% 1.5% 1.3%
Total Percent 12.4% 14.8% 14.8% 14.8% 12.7% 12.7% 11.4% 10.2%

For ’17, the underemployment rate (“Total Percent” in the table) fell by yet another percentage point, almost all of which appeared in the Unemployed – Seeking category. This is good news. 10.2 percent is still a terrible rate, to say nothing of the 7.6 percent seeking work, but progress is progress.

On the reverse side, 67.1 percent of graduates found full-time long-term work in bar-passage-required jobs. Last year, that figure was 62.5 percent, so this is quite the jump. In three years, the percentage has risen by 10 points, which is quite notable, except that the absolute number of students finding these jobs has been roughly the same each year. Reducing students at unheralded law schools reduces poor outcomes.

So what differed this year? Let’s take a look at the analytic tables that compare this year to last year.

EMPLOYMENT STATUS NO. OF GRADS GRADS PCT. OF TOTAL PCT. CHANGE IN GRADS DISTRIBUTION OF CHANGE IN GRADS GINI COEFFICIENT
2016 2017 2016 2017 2017 2017 2016 2017
Employed – Bar Passage Required 23,833 23,939 65.1% 69.6% 0.4% -4.8% 0.34 0.34
Employed – JD Advantage 5,162 4,021 14.1% 11.7% -22.1% 51.2% 0.36 0.38
Employed – Professional Position 1,390 1,091 3.8% 3.2% -21.5% 13.4% 0.54 0.54
Employed – Non-Professional Position 435 401 1.2% 1.2% -7.8% 1.5% 0.54 0.55
Employed – Law School 757 605 2.1% 1.8% -20.1% 6.8% 0.80 0.79
Employed – Undeterminable 21 23 0.1% 0.1% 9.5% -0.1% 0.95 0.92
Employed – Pursuing Graduate Degree 600 535 1.6% 1.6% -10.8% 2.9% 0.50 0.52
Unemployed – Start Date Deferred 253 285 0.7% 0.8% 12.6% -1.4% 0.64 0.59
Unemployed – Not Seeking 469 441 1.3% 1.3% -6.0% 1.3% 0.57 0.52
Unemployed – Seeking 3,142 2,614 8.6% 7.6% -16.8% 23.7% 0.46 0.43
Employment Status Unknown 557 437 1.5% 1.3% -21.5% 5.4% 0.67 0.66
Total Graduates 36,619 34,392 100.0% 100.0% -6.1% 100.0% 0.29 0.29
EMPLOYMENT TYPE NO. OF GRADS GRADS PCT. OF TOTAL PCT. CHANGE IN GRADS DISTRIBUTION OF CHANGE IN GRADS GINI COEFFICIENT
2016 2017 2016 2017 2017 2017 2016 2017
Solo 508 439 1.4% 1.3% -13.6% 3.1% 0.61 0.58
2-10 6,269 5,773 17.1% 16.8% -7.9% 22.3% 0.35 0.33
11-25 1,739 1,695 4.7% 4.9% -2.5% 2.0% 0.41 0.42
26-50 942 998 2.6% 2.9% 5.9% -2.5% 0.43 0.45
51-100 797 800 2.2% 2.3% 0.4% -0.1% 0.48 0.48
101-250 958 977 2.6% 2.8% 2.0% -0.9% 0.51 0.51
251-500 1,008 1,003 2.8% 2.9% -0.5% 0.2% 0.68 0.64
501-PLUS 4,243 4,611 11.6% 13.4% 8.7% -16.5% 0.78 0.77
Unknown 228 96 0.6% 0.3% -57.9% 5.9% 0.91 0.85
Business Industry 4,930 4,142 13.5% 12.0% -16.0% 35.4% 0.36 0.36
Government 4,402 4,133 12.0% 12.0% -6.1% 12.1% 0.32 0.32
Public Interest 1,638 1,617 4.5% 4.7% -1.3% 0.9% 0.47 0.48
Federal Clerkship 1,197 1,170 3.3% 3.4% -2.3% 1.2% 0.72 0.69
State/Local Clerkship 2,091 2,050 5.7% 6.0% -2.0% 1.8% 0.58 0.58
Other Clerkship 20 24 0.1% 0.1% 20.0% -0.2% 0.93 0.93
Education 583 483 1.6% 1.4% -17.2% 4.5% 0.49 0.48
Unknown Employer Type 45 67 0.1% 0.2% 48.9% -1.0% 0.94 0.91
Total Employed by Type 31,598 30,078 86.3% 87.5% -4.8% 68.3% 0.30 0.31

For ’17, there were 2,227 fewer graduates than in 2016, a decline of 6.1 percent. Three employment statuses accounted for nearly 90 percent of the difference between the two classes: Employed JD Advantage (51.2%) (!), Unemployed – Seeking (23.7%), and Employed – Professional Position (13.4%). This pretty much tells you what you need to know about this year’s employment report.

Changes among the employment types accounted for 68.3 percent of the 2,227 graduates. The four largest drivers were business-and-industry jobs (35.4%), 2-10-lawyer practices (22.3%), government jobs (12.1%), education positions (4.5%), and solo practices (3.1%). Notably, jobs at 501-plus-lawyer firms grew by 368 people, so it pushed back against the graduate decline (-16.5%). Biglaw’s gains are consistent with last year’s trends, as is the decline in small-law jobs.

I won’t discuss the Gini coefficients as I did last year. The most desirable jobs are still distributed worse than wealth in a kleptocracy.

Editorial: This year’s employment report showcased many of the similar trends from last year: Good outcomes substituting for worse ones. It differs in that JD advantage jobs took a big hit while bar-passage-required jobs grew slightly. What’s interesting here is that overall, law-firm jobs fell nonetheless. Somewhere in the employment type outcomes are compositional changes where grads found law jobs and not JD advantage jobs. I sure hope none of that is accounting shenanigans by law schools.

Finally, I’m happy that the ABA has not implemented its decision to change how it collects and displays employment data. Readers will note that I did not repeat the mistakes regarding law-school-funded jobs that I made last year, and yes, I recognize that perhaps I don’t find much use for short-term or part-time job categories. Nevertheless, the purposes of careful data collection are usefulness, detail, transparency, and consistency—not what’s convenient for law-school employees.

That’s all for now.

Similar editions of this post from prior years can be found here:

Record 17 Law Schools Didn’t Report Graduate Debt to U.S. News (’17)

Each year U.S. News & World Report lists law schools by the average indebtedness of their graduates. Importantly, the figures exclude accrued interest, which can be quite considerable. However, these numbers are probably the best estimate of the cost of attendance at a particular law school presented in a comparable form. The ABA does not publicize graduate debt in the 509 information reports, making U.S. News an unfortunately necessary source.

Here’s the debt table. A recurring problem in U.S. News’ debt data is law schools that misreport their graduating students’ annual debt as opposed to their cumulative debt, which is what the magazine asks for. Thus, I include last year’s numbers for illustration and encourage ridicule of law schools that cannot follow basic directions, but I welcome corrections.

# SCHOOL 2015 DEBT 2016 DEBT PCT. CHANGE
1. Thomas Jefferson $182,411 $198,962 9.1%
2. Arizona Summit [Phoenix] $190,842 $190,842 0.0%
3. San Francisco $167,671 $180,799 7.8%
4. New York University $167,646 $170,955 2.0%
5. American $164,194 $169,107 3.0%
6. Georgetown $166,027 $162,739 -2.0%
7. Harvard $153,172 $162,672 6.2%
8. Golden Gate $161,809 $158,857 -1.8%
9. Columbia $159,769 $158,348 -0.9%
10. Pepperdine $154,475 $157,527 2.0%
11. George Washington $145,240 $156,167 7.5%
12. New York Law School $157,568 $154,629 -1.9%
13. John Marshall (Chicago) $158,888 $153,520 -3.4%
14. Nova Southeastern $147,879 $151,505 2.5%
15. Santa Clara $149,940 $150,627 0.5%
16. Catholic $133,917 $149,158 11.4%
17. Cornell $158,128 $148,955 -5.8%
18. Seattle $139,745 $148,896 6.5%
19. Pennsylvania $156,725 $148,879 -5.0%
20. Marquette $142,601 $148,253 4.0%
21. California-Hastings $137,157 $146,150 6.6%
22. Loyola (CA) $146,494 $145,915 -0.4%
23. Pacific, McGeorge $144,431 $144,797 0.3%
24. Fordham $116,326 $144,168 23.9%
25. California Western $147,302 $143,592 -2.5%
26. Charleston $137,345 $143,105 4.2%
27. California-Berkeley $145,260 $143,049 -1.5%
28. Virginia $155,177 $142,906 -7.9%
29. Chapman $144,409 $141,533 -2.0%
30. Widener (Commonwealth) $129,016 $141,141 9.4%
31. Vermont $52,682 $138,991 163.8%
32. Denver $150,055 $138,513 -7.7%
33. Florida Coastal $158,878 $138,204 -13.0%
34. Loyola (IL) $88,588 $137,342 55.0%
35. Miami $149,580 $137,101 -8.3%
36. Northwestern $154,923 $136,532 -11.9%
37. Elon $153,347 $135,740 -11.5%
38. Chicago $134,148 $134,853 0.5%
39. Mercer $135,300 $134,317 -0.7%
40. Lewis and Clark $139,624 $132,419 -5.2%
41. Duke $137,829 $132,002 -4.2%
42. Hofstra $142,261 $131,957 -7.2%
43. Stanford $137,625 $131,745 -4.3%
44. Southern Methodist $126,172 $131,711 4.4%
45. Detroit Mercy $152,000 $131,421 -13.5%
46. Stetson $128,703 $131,200 1.9%
47. Seton Hall $125,300 $131,182 4.7%
48. Valparaiso $136,765 $128,221 -6.2%
49. Emory $120,804 $127,541 5.6%
50. Tulane $139,508 $127,113 -8.9%
51. Belmont $40,677 $126,272 210.4%
52. Drake $112,893 $125,438 11.1%
53. Michigan $146,309 $125,199 -14.4%
54. Western New England $121,367 $125,143 3.1%
55. Willamette $148,429 $124,350 -16.2%
56. South Texas-Houston $38,717 $123,715 219.5%
57. Oklahoma City $102,024 $123,256 20.8%
58. Notre Dame $123,924 $123,210 -0.6%
59. Texas A&M [Wesleyan] $115,405 $122,562 6.2%
60. DePaul $126,446 $122,290 -3.3%
61. Southern California $140,745 $122,192 -13.2%
62. Mississippi College $119,000 $121,000 1.7%
63. California-Los Angeles $118,291 $120,980 2.3%
64. Atlanta’s John Marshall $147,694 $120,744 -18.2%
65. Widener (Delaware) $135,151 $119,648 -11.5%
66. Suffolk $135,272 $118,725 -12.2%
67. Creighton $130,145 $118,552 -8.9%
68. Brooklyn $117,581 $118,519 0.8%
69. Vanderbilt $127,434 $117,992 -7.4%
70. Loyola (LA) $39,138 $117,746 200.8%
71. Maryland $113,927 $116,837 2.6%
72. St. Mary’s $118,583 $116,635 -1.6%
73. Capital $35,079 $116,612 232.4%
74. Roger Williams $126,334 $115,869 -8.3%
75. Dayton $108,724 $114,363 5.2%
76. Cardozo, Yeshiva $118,764 $114,085 -3.9%
77. Boston College $108,873 $112,868 3.7%
78. Samford $127,611 $112,662 -11.7%
79. California-Irvine $100,408 $112,429 12.0%
80. St. Louis $117,335 $112,142 -4.4%
81. Baltimore $108,328 $111,861 3.3%
82. Yale $121,815 $111,494 -8.5%
83. Regent $124,221 $111,268 -10.4%
84. St. John’s $117,572 $110,373 -6.1%
85. Albany $107,185 $110,225 2.8%
86. Boston University $104,755 $110,082 5.1%
87. Pace $124,317 $108,380 -12.8%
88. Washington $120,554 $107,975 -10.4%
89. Chicago-Kent, IIT $107,688 $107,540 -0.1%
90. Massachusetts — Dartmouth $98,730 $107,227 8.6%
91. George Mason $118,056 $106,642 -9.7%
92. Florida International $93,838 $106,596 13.6%
93. North Carolina $95,365 $106,514 11.7%
94. Gonzaga $109,692 $104,892 -4.4%
95. Colorado $100,499 $104,338 3.8%
96. California-Davis $103,811 $104,034 0.2%
97. Duquesne $108,414 $103,633 -4.4%
98. William and Mary $90,028 $103,318 14.8%
99. San Diego $127,693 $102,296 -19.9%
100. Syracuse $117,127 $101,983 -12.9%
101. Quinnipiac $101,371 $101,581 0.2%
102. Richmond $104,624 $101,296 -3.2%
103. Texas $103,417 $100,312 -3.0%
104. South Carolina $89,388 $99,862 11.7%
105. Washington and Lee $105,426 $98,512 -6.6%
106. Minnesota $106,436 $97,910 -8.0%
107. Missouri (Kansas City) $93,678 $97,419 4.0%
108. Pittsburgh $103,990 $97,239 -6.5%
109. Indiana (Indianapolis) $105,065 $96,941 -7.7%
110. Southern Illinois $87,634 $96,722 10.4%
111. Faulkner $18,434 $96,582 423.9%
112. Campbell $131,894 $96,215 -27.1%
113. New Hampshire $95,650 $95,312 -0.4%
114. SUNY Buffalo $90,546 $95,149 5.1%
115. Michigan State $91,014 $94,540 3.9%
116. Ohio Northern $104,284 $94,119 -9.7%
117. Indiana (Bloomington) $99,895 $93,978 -5.9%
118. Penn State (Penn State Law) $117,692 $93,406 -20.6%
119. Washington University $93,768 $93,141 -0.7%
120. Houston $97,246 $92,899 -4.5%
121. Northeastern $111,410 $92,051 -17.4%
122. Drexel $96,402 $91,744 -4.8%
123. Baylor $144,732 $91,679 -36.7%
124. Ohio State $88,301 $90,638 2.6%
125. Maine $89,513 $90,636 1.3%
126. Concordia N/A $90,607 N/A
127. Western State $119,382 $90,302 -24.4%
128. Southern University $89,552 $90,211 0.7%
129. Mitchell|Hamline $100,603 $89,469 -11.1%
130. Idaho $86,022 $89,018 3.5%
131. Florida $82,480 $88,409 7.2%
132. Northern Illinois $86,899 $88,081 1.4%
133. Villanova $99,736 $87,786 -12.0%
134. Arizona State $97,780 $87,612 -10.4%
135. Illinois $99,782 $87,559 -12.2%
136. Louisville $99,581 $86,110 -13.5%
137. Louisiana State $83,919 $85,703 2.1%
138. Arizona $84,601 $85,519 1.1%
139. Cleveland State $29,051 $84,764 191.8%
140. Case Western Reserve $102,370 $84,436 -17.5%
141. Nevada $97,361 $84,386 -13.3%
142. Hawaii $82,510 $84,295 2.2%
143. Oklahoma $83,433 $84,057 0.7%
144. Lincoln Memorial $89,779 $83,526 -7.0%
145. Kentucky $59,163 $82,905 40.1%
146. Wyoming $90,231 $82,749 -8.3%
147. West Virginia $82,683 $82,542 -0.2%
148. Texas Tech $80,087 $82,355 2.8%
149. Georgia $82,199 $82,191 0.0%
150. Penn State (Dickinson Law) $109,828 $81,718 -25.6%
151. Toledo $85,649 $81,626 -4.7%
152. Oregon $17,834 $81,211 355.4%
153. Utah $91,982 $79,813 -13.2%
154. Memphis $76,997 $79,363 3.1%
155. New Mexico $75,277 $79,199 5.2%
156. Washburn $81,528 $78,287 -4.0%
157. Wayne State $81,738 $77,993 -4.6%
158. St. Thomas (MN) $100,805 $77,875 -22.7%
159. Wake Forest $105,090 $77,712 -26.1%
160. Liberty $73,857 $77,077 4.4%
161. City University $78,523 $76,302 -2.8%
162. Florida State $88,732 $75,899 -14.5%
163. Connecticut $72,042 $75,383 4.6%
164. Alabama $75,577 $75,373 -0.3%
165. Tulsa $76,988 $73,987 -3.9%
166. Temple $86,937 $73,589 -15.4%
167. Iowa $74,128 $73,230 -1.2%
168. Kansas $88,809 $72,617 -18.2%
169. Arkansas (Little Rock) $65,931 $71,969 9.2%
170. Montana $75,470 $71,604 -5.1%
171. Akron $82,854 $70,670 -14.7%
172. Arkansas (Fayetteville) $67,758 $68,924 1.7%
173. Wisconsin $77,555 $68,050 -12.3%
174. Cincinnati $75,512 $67,028 -11.2%
175. Missouri (Columbia) $80,138 $66,944 -16.5%
176. North Dakota $66,917 $65,993 -1.4%
177. Tennessee $80,445 $65,107 -19.1%
178. Mississippi $67,539 $64,644 -4.3%
179. North Carolina Central $60,479 $63,300 4.7%
180. Florida A&M $20,500 $61,500 200.0%
181. South Dakota $56,609 $58,177 2.8%
182. Nebraska $62,888 $57,992 -7.8%
183. Georgia State $64,384 $56,710 -11.9%
184. Brigham Young $58,133 $53,237 -8.4%
185. Rutgers $56,173 $38,376 -31.7%
186. Whittier $179,056 N/A N/A
187. Charlotte $167,002 N/A N/A
188. Ave Maria $152,476 N/A N/A
189. Barry $151,479 N/A N/A
190. District of Columbia $105,330 N/A N/A
191. Northern Kentucky $74,190 N/A N/A
192. Howard $50,920 N/A N/A
10TH PERCENTILE $66,917 $73,230 -14.5%
25TH PERCENTILE $86,022 $84,764 -8.9%
MEDIAN $106,436 $106,514 -1.6%
75TH PERCENTILE $136,765 $131,200 3.9%
90TH PERCENTILE $153,347 $148,879 11.7%
MEAN $108,957 $108,333 9.1%

(U.S. News’ debt rankings can be found here.)

And per this post’s title, here’s the List of Shame: Law schools that chose not to submit their graduates’ debt information to U.S. News, along with their last-reported figures and the year in which they reported them. Thanks to the gainful employment rule, I was able to track down median graduate debt at three for-profits. As I am merciful, I exclude the three Puerto Rico law schools from this count. This year, I extend that mercy to Whittier, which in 2017-18 chose to cease accepting law students.

  • Arizona Summit [Phoenix] – $190,842 [2016, median, for-profit]
  • Touro – $154,855 (2013)
  • Ave Maria – $152,476 (2015)
  • Barry – $151,479 (2015)
  • Southwestern – $147,976 (2011)
  • Thomas (FL) – $140,808 (2013)
  • Florida Coastal – $138,204 [2016, median, for-profit]
  • New England – $132,246 (2012)
  • WMU Cooley – $122,395 (2011)
  • Atlanta’s John Marshall – $120,744 [2016, median, for-profit]
  • Appalachian – $114,740 (2011)
  • La Verne – $112,628 (2011)
  • District of Columbia – $105,330 (2015)
  • Texas Southern – $99,992 (2011)
  • Northern Kentucky – $74,190 (2015)
  • Howard – $50,920 (2015)
  • North Texas-Dallas – NEVER

These 16 law schools account for 2,605 graduates out of 34,478, or 8 percent of the total.

Compared to the graduating class from two years earlier, weighted-average private law-school graduate debt fell from $134,186 to $130,536 (-3%). For public law schools, debt fell from $94,602 to $91,218 (-4%). The weights are the percent of graduates who took out debt per U.S. News multiplied by the number of graduates according to the 509 information reports. The reason I compare ’17 to ’15 is that last year, U.S. News allowed law schools to report absurdly high percents of graduates with debt.

The unweighted averages, which alas are what’s commonly reported, fell as well over the two-year period. At private law schools, it went down from $128,694 to $123,785 (-4%). That’s $88,051 from $92,144 (-4%) at public law schools. Thus, these declines can be attributed to graduates borrowing less and not the percentages of graduates borrowing at each school. This is good news. However, there might also be an unseen composition effect of fewer people matriculating to high-debt schools. (By unseen, I mean, I’m not going to check.)

So the good news is that the class of ’17 looks more like the classes of ’12 or ’13 than more recent classes. The bad news is just how much law grads’ debt positions deteriorated after the Great Recession.

Finally, the observations:

  • A bunch of law schools bounced back from misreporting their graduate data last year, accounting for some big swings: Faulkner (423.9%), Oregon (355.4%), Capital (232.4%), South Texas-Houston (219.5%), Belmont (210.4%), Loyola (LA) (200.8%), Florida A&M (200.0%), Cleveland State (191.8%), Vermont (163.8%).
  • Other swings: Loyola (IL) (55.0%), Kentucky (40.1%), Fordham (23.9%), Oklahoma City (20.8%).
  • And finally the big raspberries: Baylor (-36.7%), Rutgers (-31.7%), Campbell (-27.1%), Wake Forest (-26.1%), Penn State (Dickinson Law) (-25.6%), Western State (-24.4%), St. Thomas (MN) (-22.7%), and Penn State (Penn State Law) (-20.6%).

Conclusion: It’s discouraging more law schools chose not to report their debt outcomes than before, but at least they didn’t grossly misreport them like last year. And yes, U.S. News should know better than to publish absurd numbers without actually looking at them. Finally, kudos to Concordia for jumping on the wagon with its first year reporting.

Entries on this topic from prior years:

LSAT Tea-Leaf Reading: February 2018 Edition

The February 2018 LSAT administration marks the sixth in a row that has seen an increase in the number of test takers. This time, 24,335 people (+13.7 percent) took the exam, according to the LSAC. Here’s a chart of LSAT administrations going back to the late 1990s.

The four-period moving sum of LSATs, equivalent to the year-over-year change in the 2017-18 LSAT year, rose to 129,183 (+2.3 percent). The last time it was this high was June 2012 (128,336).

Although the effect of the 13.7 percent bump in February LSATs is muted by the overall low number of test takers, it’s still a large effect in itself. Every administration in the 2017-18 cycle has seen at least 10 percent growth over the previous year, which hasn’t happened since the 2009 calendar year or the 2001-02 LSAT year.

After the December LSAT, I discussed an earlier prediction that the Trump bump would diminish over this year. I think it’s still too soon to tell, and we may have another 10 percent jump in June. However, the Trump stuff is a one-time event and can’t really mark a sustained change in the future of the legal profession or the overall economy. The fundamentals haven’t changed.

For historical note, last year I remarked that there was no evidence of a Trump surge, but I did discuss how more people were sitting for the LSAT despite fewer people applying. I suggested that test takers were behaving more strategically than before. Consequently, it will be interesting to see where the higher number of applicants ultimately apply, particularly because law schools are still closing.

Can AccessLex Institute Add Decimals to 100%?

I apologize for being last to the potluck for AccessLex Institute’s study, “Examining Value, Measuring Engagement,” which surveys law-school graduates to investigate their long-term outcomes. Please enjoy my store-bought pasta salad that I’ll abandon with my hosts.

I always take seriously any sincere exploration of the long-term value of law degrees. (Okay, the same goes for insincere ones, just for different reasons.) But how seriously one should take “Examining Value” depends on what one thinks of opinion surveys. For answering value-of-a-law-degree questions I see them as an inferior form of data. Valid, but not the best approach. Opinion data are essentially aggregates of respondents’ moods, making them subjective, contradictory, and volatile.

For example, “Examining Value” sometimes divides its respondents between pre-recession and post-recession graduates, and as expected, post-recession graduates report longer job searches and dimmer opinions on the value of their law degrees. Graduates with more law-school debt tend to believe they would not go to law school if they were Groundhog Daying their lives.

Law-school graduates do stray from my expectations in a few places. One is their willingness to recommend law degrees to people like them, e.g. 53 percent of post-recession graduates. Given how much people without law degrees discourage others from going to law school, the finding is surprising up to the point that one considers the enormous power of selection bias and choice-supportive bias. I’m also surprised that so few J.D.s believe their law degrees were not worth the cost (only 4 percent (of all law grads)), an empirical question that can be tested against graduates’ actual circumstances. However—and this is an important shortcoming of “Examining Value”—the study frequently declines to post percentages of its survey results by graduation year, dropping only side comments like, “Students who graduated during or after the Great Recession are less likely than earlier graduates to strongly agree that their degree was worth the cost, even when controlling for student debt.”

Thanks for the detailed insight, AccessLex Institute.

But the shortcomings only start there. One question AccessLex Institute didn’t bother asking was, “How much money do you make?” For all the study’s focus on student-loan debt, you’d think that it would take graduates’ incomes into account as well. Then, of course, there’s its uninterest in defining what a “good job” is. Sure it took 26 percent of post-recession grads more than a year to find one, but we still don’t know what they are or if they have anything to do with the skills and knowledge they obtained in law school that they couldn’t’ve gotten from reading a book.

Finally, the title to this post promised you some strange arithmetic, and here it is. Figure 14 asks the relevant respondents to choose one of a number of reasons they no longer practice law:

Rounding errors and omitting a few percentage points of unknown responses are okay, but one-quarter of non-practicing grads didn’t list a reason. That’s pretty significant, and it would be interesting to see how that corresponds with their debts and incomes, which, again, AccessLex Institute didn’t ask for. These non-practitioners in Figure 14 account for 37 percent of J.D. participants, an alarmingly high proportion that calls the survey’s primary findings into question. How can respondents say their law degrees have value if so many of them aren’t using them at work?

The best answer, further down, is “analytical skills,” but naturally the survey didn’t ask any respondents, much less experts, if they could obtain those by alternative means.

“Examining Value” can be found via the ABA Journal‘s article on it.

If the purpose of AccessLex Institute’s study was to find the current perceived value of a law degree, it’s done a mediocre job. Perceptions don’t say a lot that we don’t know, and even so they’re often contradictory and prey to cognitive biases. It’s only when researchers try to dig into the causes of those contradictions that these types of studies provide genuine insights.

LSAT Tea-Leaf Reading: December 2017 Edition

The number of December LSAT takers rose to 40,096 (+27.9 percent) from 31,340 last year. It is the sixth administration in a row to show positive test-taker growth. Here is what it looks like in perspective.

This is quite the acceleration, one of the fastest ever.

The four-period moving sum, which is identical to the calendar-year total, rose to 126,248 (+7.5 percent). Comparable administrations are September/October 2009 (+6.5 percent), September/October 2001 (+7.9 percent, the record), and December 1988 (+7.0 percent). The last time the four-period moving sum was this high was June 2012 (128,336).

Two months ago I (idly) predicted this surge would diminish over the next year. That doesn’t appear to be where the trend is heading. Disturbingly, two of the aforementioned comparison administrations, fall 2009 and fall 2001, were recession periods, which indicates the kind of moment LSATs are in. I’ll repeat the same points for as long as this phenomenon continues: There is no reason to believe the legal profession will have more jobs compared to the rate of LSAT growth. Most of these potential applicants—let’s call them Sessions’ 0Ls—are badly misguided.

Since we’re on the topic of LSAC data, as of week 3, 2018, the number of applicants for this fall stands at 29,287. Week 3 was roughly the halfway mark for last year, so we may have about 61,000 applicants by August. This final applicant count has been falling in recent weeks, which I think is typical.

More tea leaves to read after February.

2016: Full-Time Students Paying Full Tuition Fell by 2.4 Percentage Points

Discussions of law-school costs are incomplete if they do not include discounts some students receive, usually as merit scholarships paid for by their full-tuition-paying classmates. The topic is salient today because Congress is considering limiting the amount law students can borrow from the federal government. If the PROSPER Act passes, then it’s likely law schools would need to reorganize their cost structures—notably by reducing scholarships and their full price tags. To analyze the phenomenon of discounting, I focus on the ABA’s 509 information reports’ scholarship data. This information lags the academic year by one year, so as of the 2017-18 academic year, we now have data on 2016-17. One new drawback this year is that law schools that closed or stopped accepting new students before 2017 did not provide scholarship data for 2016, so the picture is slightly distorted.

In 2016, the proportion of full-time students paying full tuition fell by 2.4 percentage points from 28.1 percent to 25.7 percent at the average law school not in Puerto Rico. At the median law school less than one-quarter of students pay full tuition.

The proportion of students paying full tuition has fallen considerably over the years. At the turn of the century, more than half of students paid full cost; now about a quarter do.

At the average private law school, which don’t price discriminate in favor of resident students, the number of students receiving grants ranging between half tuition and full tuition now exceeds the number paying full tuition. Many more receive a grant worth less-than-half tuition.

One advantage of knowing how many full-time students pay full tuition is that we can estimate the total revenue they generate for private law schools, except Brigham Young University, which charges LDS students less.

Since 2011, the peak year, inflation-adjusted revenue from full-tuition-paying full-time students has fallen 55 percent. Since 2001, the last year for which data are available, the drop is 35 percent. In 2016, the median private law school’s full-tuition revenue was $3.8 million, down from $12.2 million in 2011. In 2001, the median was $9 million. This is quite a precipitous decline.

So how substantially are private law schools discounting? The best way to answer that question is by treating the sticker price at private law schools as the independent variable, and treating as the dependent variable their tuition after subtracting their median grant (median-discounted tuition “MDT”). First I divide private law schools into full tuition quintiles and give their mean averages. Then I take mean of the MDTs within each quintile.

We find that the MDT at the most expensive law schools is about as much as full tuition at the cheapest private law schools. Meanwhile, schools in the fourth quintile now discount to the level that third quintile law schools do. This indicates pretty fierce competition for students. MDTs at the bottom four-fifths of law schools are converging with one another while diverging from the most expensive schools.

That’s all for now.

Information on this topic from previous years: