"the incoming class is regulated to be approximately in line with the annual demand for new lawyers"
There are dangers with trying to predict demand for individual goods and services for larger countries/markets.
There are dangers with trying to predict demand for individual goods and services for larger countries/markets.
And this article shows that market signalling is largely not working in this case (because people do not approach education on a rational market basis).
And I'm fairly sure I've never heard anyone say "Oh crap - we've run out of lawyers."