That assumption doesn't match economic reality, at least not the version presented in the new research by University of Northern Colorado professor Amy Li.
As Karen Sloan explains in Law.com, the study found something quite surprising. There was actually a correlation of higher tuition prices and higher enrollments. That is, there was a lack of price sensitivity. Here is a copy of that study "Dollars and Sense."
Could this research give "permission" to law schools to become indifferent to the high price of their tuition - and the potential of future increases?
That could happen, particularly in the current environment in which revenue growth among large law firms signals that the legal sector might finally have bounced back from the crash. Even litigation is up. Many recall 2009. In Abovethelaw.com, Kathryn Rubino describes how 6,000 lawyers lost their jobs.
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