Quote:
Originally Posted by Unregistered
Yes, the numbers are big, but restricting the approved institutions to those you suggested is probably not the best thing to do (on a free market philosophical benchmark...) Competition may be a good thing.
To me, however, the real problem is misinformation. People think that getting into a law school places you on a 'safe' path leading up to a good legal career. They do not have access to the information about what's happening to the supply of lawyers. The result is that many of them, in a few years, will brutally discover that they can't get training contracts. [the alternative being making it harder to get called to the Bar]
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I don't see how restricting the number of law schools would affect competition. There are more and more avenues to study law locally, and the top universities in the UK still take in quite a substantial number of law students. There are certainly more law graduates than the number of places in big corporate law firms.
In the first place, the essence of having a restriction is to ensure that the quality of law students in Singapore remains high. Over the years, this is no longer the case. That is the problem. Restricting the supply of law schools does not hurt competition at all. Having 600 top quality graduates a year certainly beats 1000 law graduates with varying standards.