Posted by Ilya Somin:
Should Aspiring Law Professors Roll the Dice with this Year's "Meat Market"?
http://volokh.com/archives/archive_2009_07_05-2009_07_11.shtml#1246912745


   Most insiders I have talked to believe that this year's job market for
   entry-level law professors will be awful, due to the impact of the
   recession. Getting a lawprof position is not easy even in a good year;
   for example, in 2006-2007, the last year for which I could find data,
   [1]only 13.7% of applicants in the American Association of Law Schools
   roster got positions. This year, the odds are likely to be much worse.

   A number of aspiring law professors have asked me whether they should
   apply to this year's "meat market" anyway. On the upside, it seems
   like it can't hurt to try. An unsuccessful applicant can reapply next
   year. On the other hand, you might end up taking a much worse position
   than you could have gotten in a more normal year. Moreover, I have
   heard that some appointments committees don't like to reevaluate
   applicants who were rejected in a previous year unless they have some
   new outstanding achievement on their CV (such as a major new
   publication).

   I'm not sure which side of this argument is correct, if
   either.Obviously, much depends on the circumstances of the particular
   applicant. For example, an applicant who can instead ride out the next
   year or two in a good fellowship or visiting appointment can more
   easily defer than one who can't. But there may be some generally
   relevant considerations nonetheless. So I solicit comments from those
   better informed than I am, particularly senior lawprofs who serve on
   appointments committees. What do you think? Should entry-level
   candidates take the plunge this year or not?

References

   1. http://www.aals.org/statistics/0607/FAR-spss/success_rates.html

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