Law School Applications Nose Dive

Feb. 11 (Bloomberg) -- Law school applications appear to be headed for a 30-year low. Based on applications so far for Fall 2013, experts expect there will be about 54,000 applicants -- that's about half the number that applied in 2004. Reasons for the slide have been well documented: lousy job prospects, huge debt loads, and large tuition increases. While there will be enough applicants to fill first-year seats, schools below the very top tier may have to accept students with lower LSAT and GPA scores, or trim their class sizes to maintain quality. A year ago, after a series of New York Times articles about law schools, reporter David Segal told us law school applicants "don't appreciate what debt they're taking on. . . almost none of these law students have any idea what they're getting into" It seems they've gotten the message now, and many are choosing other careers. (Source: Bloomberg)

Will the OPEC Deal to Cut Production Hold?
22:27 - R.T. Dukes, Wood Mackenzie research director, discusses OPEC's decision to cut oil output. He speaks with Bloomberg's David Gura and Vonnie Quinn on "Bloomberg Markets." (Source: Bloomberg)
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