Law schools feeling the pinch

The Washington Times reports:

The days of top law school graduates having their pick of six-figure jobs at boutique firms - or at least being assured of putting their degrees to use - are over.

Postgraduate employment rates are at their lowest levels in 15 years. The typical student leaves school nearly $100,000 in debt. And after several years of recession-driven enrollment gains, applications to law schools nationwide are down nearly 10 percent this year.

When will the federal government stop subsidizing this?