"If the quip about "make crime pay, become a lawyer" is true, Australia is set for a massive crimewave. Towering overproduction is a reality in the Australian legal education market. But it seems that only when the bust hits will those who should have read the signs instigate a shakeout of the sector.
The cloistered company of Australian law deans has long closed its eyes to this. The leaders of the 41 law schools have enrolled students much faster than the overall growth of their respective universities. ... Law student numbers are out of hand. Nearly 15,000 finish their degree each year, and enter a market where there are only 66,000 solicitors. These graduate numbers far transcend the growth in the legal market. ..."
Eeeeee gad, we've been one-upped!
"Thousands of students are undertaking a degree that will result in broken dreams. They believe the neoliberal lie that the magic of the market will (somehow) deliver job opportunities if only they get their foot in the door of the legal academy. ... [T]housands of prospective law students [are] being sold down the river by a clique of rent seekers.
[T]his is just more evidence that American legal education does a better job of training law deans to advocate their positions than other countries do. The best they can offer here is the versatile-law-degree argument."
Whew! Venality recaptured!