Abstract

http://ssrn.com/abstract=2286284
 


 



All Things Equal: Unintended Consequences and Allegedly Misrepresented Statistics


Joshua L. Plager


University of Miami Law Review

January 27, 2013

University of Miami Law Review, Vol. 67, No. 3, 2013

Abstract:     
This paper describes the current class action lawsuits against law schools on grounds of misrepresented statistics (schools' self-reported job employment rates, salary data, etc.). It argues that these suits are merely the visible tip of a veiled iceberg; that these misrepresented statistics may themselves be a contributor to our legal economy's current woes.

It addresses why students choose to attend law school in the first place, and observes that the industry that is legal education is, at bottom, a business. It analyzes economics and the economy, with a particular focus on labor market economics, and the likely distorted supply and demand curve in the market for legal employment.

It suggests that the misrepresented statistics being hurled at potential law students prevents the labor market from reaching its true equilibrium -- it obscures demand and prevents all things from being equal.

It concludes by turning toward the causes of recession as a point for comparison, and argues that the starting point for recovery in the legal market is in law schools' disseminating -- as mandated by the American Bar Association -- accurate and non-misleading statistics about their programs.

Number of Pages in PDF File: 24

Keywords: law school, class action, misrepresentation, misrepresented statistics, American Bar Association, economy, economics, supply and demand, law suits, schools

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Date posted: June 28, 2013 ; Last revised: June 30, 2013

Suggested Citation

Plager, Joshua L., All Things Equal: Unintended Consequences and Allegedly Misrepresented Statistics (January 27, 2013). University of Miami Law Review, Vol. 67, No. 3, 2013. Available at SSRN: http://ssrn.com/abstract=2286284

Contact Information

Joshua L. Plager (Contact Author)
University of Miami Law Review ( email )
1311 Miller Drive
B-349 Law Library
Coral Gables, FL 33124
United States
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