Currently there are dozens of institutions wringing their hands about what to do about law school. If you didn’t know a law school education costs more than you can make being a lawyer. And because lawyers are famously math-impaired, they are still going to law school not realizing that it is the space equivalent of a black hole.
You can read what the problems are here http://news.yahoo.com/draft-law-school-reforms-could-broader-implications-145322045.html
So, like always I will fix the problem.
You take what the students pay in tuition no more than say $4,000 a semester, and then (wait for it)
That is how much you can spend for professors and everything else.
Notice how it would be impossible for you to pay any professor anything North of $80,000 …sorry, (sad trombone sound effect).