In a mostly unrelated story, Hofstra Law professor Daniel Greenwood has written an article worth reading for the HuffPost on why merit scholarships are a market irrationally that should be regulated as price fixing.
"Merit" scholarships should more properly be called "US News & World Report Ranking Rebate Fees": schools give them because they need to maintain entering class GPA and LSATs in order avoid sinking in the rankings -- not because they believe recipients are likely to be better law students or happier, competent, just or successful lawyers.This is a new angle, but one I like given my affinity for the "law schools act like for-profit businesses" viewpoint. I'm not sure it would fly legally (honestly, I don't know; my guess would be that non-profit businesses and those heavily backed by state policy are exempt from anticompetition statutes, but I'm not going to research anything), but I give him major props for creativity nonetheless.
Additionally, he has some dead-on-point remarks about the USNWR rankings scheme.
USNWR's rankings quickly become a self-fulfilling prophecy. Schools that learn how to play the rankings game attract the students, faculty and money necessary to make real improvements, while schools that don't -- don't. Any school that dares to ignore the USNWR rankings risks a death spiral of rapidly departing employers, students and faculty, leading to lower ranking and even more problems.He goes on to articulate fully how everyone loses under the current system.
Unfortunately, rankings are a zero sum game: if everyone learns to game them, no one can get a competitive advantage.
Throughout the article, he makes it crystal clear that what exists in legal education is not the result of a pure free market, but rather a distorted market, of capitalism gone wrong, in stark contrast to the stances taken by many industry apologists. However, the solution he believes would fix the problems would violate current antitrust laws, he claims.
Overall, I'm not entirely sure I agree with Professor Greenwood's solution of more stringent regulation, but the article's analysis of the problems is spot-on and a welcomed look from the inside of the legal academy.
If Ranking Rebates were illegal, many schools could immediately cut their tuition by a quarter or a third. Admissions officers could focus on the qualities that actually predict success in the law, instead of the ones that are easily measured in numerical rankings. Law students would be better able to focus on education, group learning and building relationships with their peers and professors, instead of competitive grade grubbing to keep their grant or transfer to a higher ranked school. And scholarship money could go to those who would best make use of it, instead of those who make schools look better on USNWR's arbitrary rankings.It's hard to disagree with that, unless you've drunk from the bin of kool-aid that actually makes you believe LSAT scores are the end-all-be-all of a student and school's worth.
I encourage others to read the article, as there's more good in it than what I could reasonably exploit here.


