The trustees of Whittier Law School have voted to close the school, taking the first step of declining to admit a new 1L class this fall. The school, which was fully accredited in 1985, is determining how to fulfill its teach-out responsibilities to the existing student body. In recent years, the admissions predictors for entering students plunged at Whittier - from a median LSAT of 152 in 2012 to a median of 146 in 2016. Earlier this year, Whittier College sold the property upon which the law school sits. Thanks to the Paul Caron, we know that tenured faculty are a suing to keep the school open. (The filing has lots of good background information.)
Update: I have taken down comments. It's clear that their productive value has been achieved and they have moved into the negative quadrant of utility.