I can already predict the response to this post over at Tax Prof that analyzes JD job prospects based on JD degrees per capita. His model predicts undersupply of law grads by 2015 or 2016. One statistic is very likely accurate: there will be 36,000 (or fewer) JD's awarded in 2016.
I know some people consider the very process of analyzing future hiring trends with anything other than deathbed pessimism to be an act of market fraud. I don't agree. There must be room for discussion and debate. I will moderate comments.