Everywhere we turn we hear the bad news about law-school enrollment. According to the American Bar Association, law-school applications are down nearly 13.4 percent for the 2013-14 school year from the already sliding numbers of applicants in 2012.
Many law schools are lowering their enrollment forecasting to confront the realization that decreased demand for newly graduated attorneys translates to fewer applicants in the pipeline. Why take on the time and expense of law school if there is a reduced chance that you can get a job post-graduation? Today, law schools face increased competition to reach a shrinking pool of interested prospects while at the same time meeting expectations with fewer resources.
This trend follows the soaring enrollment numbers from the economic boom of the early 21st century, when demand in the legal profession peaked. Even as the economy began to slow down, enrollment continued to increase. In 2010, law school enrollment was at a 10-year high at 52,500. However, according to some analysts, law schools were slow to react to the economic collapse of 2008, and with a slower than expected recovery, enrollment numbers are not guaranteed to rebound soon.
There is hope in looking at other programs affected by the economic fluxes of our global age. For instance, interest in business schools dropped significantly in 2009 when business growth was stagnant and economic activity was stalled. However, MBA enrollment rebounded in 2013 and is set to increase in 2014.
The secret? MBA programs adjusted to the changing environment by lowering enrollment expectations and adapting methods of student recruitment.
Outbound multi-channel marketing for MBA programs has been very effective in the last few years.
The use of the latest recruitment methods to reach today’s MBA prospects
– mobile devices, PURLs, QR Codes, Campaign-specific microsites, etc (while using targeted prospect lists)
– has contributed greatly to the enrollment rebound.
MBA programs are beginning to explore the benefits of
inbound marketing as well. This “attraction marketing” help these programs to plan for the future, when the next major shift in enrollment methods is needed.
Here are five tips to sustain your law school in the next 1-2 years: