Room for Debate: Is Law School a Good Idea?

Thinking about law school? The New York Times posted this discussion worth a read suggesting that law school may not be such a good idea in the shrinking job/rising debt universe. An excerpt below (full article here):

Law school tuition is rising four times as fast as the cost of an undergraduate degree, which itself is soaring. Despite the high price, students are still flocking to law schools, even if it means going into heavy debt to enter a tight job market with few top-paying openings.
Should the standard three-year model of legal education, followed by taking and passing the bar exam, be the only path toward becoming a lawyer? Could law school be shortened, or should those three years of classes have a different focus?