What happened to the law business? Overloaded cause it got too popular for awhile?
Nowadays, a lot of the grunt work that in the past was done by recent law school graduates can be offshored cheaply to India. Not as much need now to hire fresh law school grads.
Low demand for lawyers, lots of layoffs, record law school enrollments and graduates, and reduced pay for new lawyers now make law school a very high risk education investment; especially if you are paying your own way.
The problem is not going away because law schools are out and out lying about the prospects of employment and great salaries. This is leading many college graduates into thinking law is a great option, especially now that jobs are hard to come by for those just getting their undergraduate degrees.
Law schools are a VERY HIGH profit center for colleges and universities, so they are doing nothing to be honest with prospective students.