According to the Law School Admission Council, the following data represent ABA applicants and applications for each of the past three falls:
The LSAC reports that “[a]s of 08/08/13, there are 385,358 Fall 2013 applications submitted by 59,426 applicants. Applicants are down 12.3% and applications are down 17.9% from 2012.”
It’s surprising that the figures haven’t gone down further. That’s probably due to various market imperfections, including incomplete information available to applicants about market conditions.