…namely that due to a lack of demand, LSU Law School is cutting its roster of professors. It seems fewer kids want to be lawyers nowadays.
LSU’s Law Center is offering an incentive to seven professors if they retire next summer as it looks to cut costs amid a dwindling interest in law schools nationally.
The professors, all older than 65 and tenured faculty members, have until Monday to decide whether they will retire June 30 and get paid a bonus of roughly a year’s salary in return. The total that would be saved if all decide to take the buyout: $1.12 million a year.
“This is really part of a necessary effort to provide additional financial flexibility for the Law Center,” LSU Law Center Chancellor Jack Weiss said during a recent LSU Board of Supervisors meeting, at which the plan was unanimously approved.
The American Bar Association made headlines last week with news that law school enrollment across the country sank this year to its lowest point since 1987.
Nearly two-thirds of the 204 ABA-approved law schools saw declines in first-year enrollment compared to last year.
We’ve been overlawyered as a society for three decades now, so a diminution in the amount of people who aim to add to that problem might just help to diminish, over time, the number of stupid lawsuits clogging our court system.
What we only assume, but don’t know, is whether there is a similar softening in the number of applicants at Southern Law School.