Posted on 11/24/2017 12:46:48 PM PST by reaganaut1
Don Lively had a plan to bring more blacks and Hispanics into the practice of law.
Mr. Lively, a professor who is white, set out to open a law school that would take minority students even if they had low test scores or did poorly in college. Using retirement savings, a loan from his father and a check from a retired couple who read about him in a local newspaper, he opened Florida Coastal School of Law in 1996 in Jacksonville.
That school and two others he later helped run—Arizona Summit in Phoenix and Charlotte School of Law in North Carolina—became among the fastest-growing law schools in the country. Half of their students were from minority groups. The for-profit schools became part of a business network called the InfiLaw System, backed by Chicago private-equity investors. Enrollment soared from several dozen at Florida Coastal in 1996 to roughly 4,000 at the three schools combined in 2012.
Now, two decades after it all started, Mr. Lively’s mission is in tatters. The Charlotte school closed in August after North Carolina revoked its license. Enrollment in Arizona and Florida is down sharply, and InfiLaw is looking for buyers for both schools. Thousands of InfiLaw students have dropped out, transferred or failed state bar exams and are struggling to pay down a total of more than $1 billion in federal student loans, Education Department and American Bar Association data indicate. Many owe more than $100,000.
“The whole system broke down,” says Mr. Lively, 69 years old, who serves as Arizona Summit’s president and owns less than 1% of InfiLaw. “We weren’t ready to deliver on a scaled basis. We haven’t built up our academic support program to a level that would enable us to deliver those things that we were convinced that we could deliver.”
(Excerpt) Read more at wsj.com ...
the very last thing USA needs is more lawyers!
my Lord!
“A lawyer with his briefcase can steal more than a hundred men with guns.” Mario Puzo (author of “The Godfather”)
Go to a bunch of high school basketball teams and then immediately make the first 200 white kids you meet NBA basketball players. Make it such these kids start every NBA game. Watch how well the league does.
Bkmk
Hence, the Eagles’ “Get Over It”
The more I think about it,
Old Billy was right...
Higher education is just the latest bubble to be blown by financialization - the confluence of government policy and government money, being chased by private money in our completely unbacked, fiat, manipulated Federal Reserve currency.
dude, lawyers are the only defense against government overreach and you better wise up
John Grisham, “The Rooster Bar”, tells it all.
I think the Law is te only profession where increased supply of lawyers increases costs.
WAAAAY TOO DAMN many lawyers. They stumble over each other looking for a score.
What scares me is that this article, even though from the WSJ, is the opening shot in a “forgive the student debt from for-profit institutions” campaign. Which means that those of us working get to pay off the outstanding loans.
More lawyers mean cheaper lawyers. Supply and demand.
Sorry, more lawyers equal more lawsuits, which equals more costs to society.
University of Wisconsin Law School’s classes now number about half or less of what they did 40 years ago.
There are a lot of starving lawyers out there.
Some are quite talented.
Following WWII hundreds of similar schools sprung up around the country to exploit the GI BIll.
Corporatism vs Capitalism.
What the market should want vs what the market does want.
dude, lawyers are the only defense against government overreach and you better wise up
I’d put my trust in a Marine division over a bunch of lawyers to deal with real government overreach.
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