Facts are stubborn things—almost as stubborn as persistent academic predictions that boom times for attorneys are just around the corner.

Back in 2013, professor Ted Seto at Loyola Law School-Los Angeles observed, “Unless something truly extraordinary has happened to noncyclical demand, a degrees-awarded-per-capita analysis suggests that beginning in fall 2015 and intensifying into 2016 employers are likely to experience an undersupply of law grads, provided that the economic recovery continues.”