Independent Law Schools Suffer Credit-Ratings Slips

, The National Law Journal

   | 2 Comments

Moody's Investors Service has downgraded Vermont Law School's credit rating amid falling enrollment and financial uncertainty.

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What's being said

  • Michael Duff

    Mr. Morton -- Going into business is simply not practical for most people and never has been. The bottom line is that people will keep enrolling in professional schools (all modes of prof. school now have dismal track records, by the way) until there is absolutely no hope -- i.e., placement goes to zero. When and if that day occurs -- zero prospects of success in any profession -- watch out! The death of the American dream is not likely to go over well or easily.

  • Supply and demand are finally catching up and is this really news? Technology and legal outsourcing have decimated the demand for newly minted lawyers so why are students attracted to a career with a very modest employment opportunity at best? The answer is complicated, but there are those still attracted to the "nobility" of what was once a lawyer‘s domain, but not anymore. The cold facts are that legal educations costs do not justify the meager opportunities available to graduates; ROI is just not there anymore and that‘s business! Save your money and open a business that someone else is not doing or doing very well! David R. Morton (Ret)

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