Wall Street Journal Law Blog, Bloom’s Off Law School Rose:

We reported earlier in the year that the froth was gone from law schools, with applications for the fall 2011 class trending downward. In fact, the final application tally for the fall ’11 class reveals an almost 10% drop in the number of applicants, the steepest decline in at least 10 years. Here’s a summary of application data from the Law School Admission Council and here’s a report from the Minneapolis Star-Tribune. The article begins: “Law school is no longer a sure bet. Would-be students are noticing.”

Even more interesting, it appears law schools are not about to surge back to popularity soon. This summer, there was an 18.7% decline in LSAT test takers. That is the biggest decline in at least 24 years, according to this report from the Law School Admission Council.