Of course, it doesn't take much effort to notice that despite the bottoming out, it's still very much below recent trend, both for projected applicants and projected matriculants.

But the bad news is that the quality of the applicants. In short, the wrong sort of applicants are applying.

LSAC sends occasional updates, its "Current Volume Summary," describing trends in applicants. At this point last year, LSAC reports it had 87% of the preliminary final applicant count, which means we are fairly late in the applicant cycle.

It also circulates a breakdown of the high LSAT score of 2015 ABA applicants, with the percentage change from last year. The numbers are, I think, fairly shocking.