Law school applications increase when there are popular law related television shows and when the economy is in a downturn. What better way to duck out of the job market for a few years and increase your chances of a good job when (hopefully) the economy is on an upswing again. This is especially true with regard to top-ranked law schools because people are even more concerned with post-graduation employment than usual. However, I also think it will encourage people to take scholarship offers and attend (relatively cheaper) public schools since loans and cash are problematic at this point.
See Brian Leiter’s post today.