It's not a happy Monday for our nation's law schools. The news, across the board, appears to be negative, both in terms of schools' financials and their graduates' job prospects.
Back in October, we reported that Standard and Poor's was close to downgrading Brooklyn Law School's debt rating. It seems they aren't the only law school in trouble, however. According to the Wall Street Journal, a new report from Standard and Poor's offers a grim outlook for standalone law schools, with at least one school reaching "junk bond" status.
Meanwhile, the cause of the collapse -- decreased demand resulting from a lack of jobs for graduates, may not be improving in the near future. According to the Department of Labor's most recent report, after a steady period of recovery, the legal sector lost 1,100 jobs in November, the second straight month of decline.