The Law School Tuition Bubble blawg has some updated data on the oversupply of attorneys updated by state (found here).
Arkansas appears to fall on the higher side of the spectrum. The data in this study is from 2011. It would be interesting to see the data from 2012, but the comparisons from 2009-2011 show a rather dismal trend.
In the Southeast region, there are approximately 1.92 grads for each legal job available. Arkansas ranks higher (24 overall) with an overproduction ratio of 2.07. It’s no secret that the legal job market is tough right now. Many people have raised the question of whether Arkansas should have two law schools. Obviously, that’s a heated debate.