2015 State of Legal Education

According to Law School Transparency, a non-profit organization founded in 2009 by two Vanderbilt Law School students, now attorneys, whose mission is “to make entry to the legal profession more transparent, affordable, and fair” and rests on “three pillars of [their] theory of action: reform, information, and accountability”:

A problem for our profession and society
Law school enrollment is the lowest it's been since the 1960's. To remain financially viable, many law schools are admitting many people who face real risk of not completing school or of failing the bar. The bargain is clear: take larger, riskier classes now to survive and deal with the accreditation challenges, angry alumni, and bad press that follow later.
But at what cost, and to whom? And should we collectively enable this bargain?
We need lawyers. Yet too many schools hoping to produce the next generation of lawyers are failing the profession and society today—not to mention the students they're setting up to fail. To reinvigorate the law school pipeline, we must address the substantive issues that drive prospective law students away from the legal profession. We must ensure that law schools make responsible enrollment choices and become more affordable.

The “key findings” of the report are available here.