The crazy years of the late 90s through 2008 convinced every university and private educational company to set up a law school, if they didn't have one already. They were pure profit centers: no expensive labs to build or equipment to purchase. Just hire a few professors, charge 250 kids $30,000 per year apiece, watch them borrow that money from the feds, and make a bunch of money. If after three years all your grads have $150k in non-dischargeable school debt and no job, oh well - it's somebody else's problem. I'm glad the market is correcting and I hope a bunch of these schools close.