This Article will first review the substantial improvements in legal education and track the sources of the funding for these improvements. It will look at whether law school is, and continues to be, a good economic investment for most students. It will then consider the current economic circumstances of legal education and the possible coming disconnect between expectations and reality. It will conclude by considering what could improve the lot of legal education in the future and, to the contrary, what could make matters much worse.
Steven R. Smith, Financing the Future of Legal Education: "Not What It Used to Be,” 2012 MICH. ST. L. REV. 579 (2012).