Cooley Law School’s enrollment and revenue have continued to decline while health care and legacy costs continue to rise. Despite ongoing cost control efforts, the school can no longer avoid the financial imbalance between the revenue and expenses it faces.
Again that combination of declining enrollment with growing costs.
The strategy requires cutting professors: “The plan includes: Faculty and staff reductions”. No word yet on which legal specialties are in the dock.
Cooley’s move comes in the wake of a several-years-old law school crisis. I’ve written about this regularly in the FTTE report: a drop in graduates’ job placement, a decline in applications and enrollment. That crisis is sharper than that afflicting higher education in general, but it does make us wonder: are law schools canaries in the coal mine?