With a nod to Todd Zywicki at Volokh, here's news that the ABA acknowledged that it committed multiple violations of an antitrust consent decree. On the one hand, it's a jaw dropper to read that the ABA is a law breaker and that law professors and deans were an integral part of the violations. On the other hand, it's what you'd expect: the ABA and the law professors use the law school accreditation process like any other cartel-seekers would. They use it to reduce competition, increase uniformity, reduce output and increase price.
I understood that the ten-year consent decree was set to expire this month, and I'm guessing that this news arises out of an end-of-decree review process. The smart money says that the conset decree will be extended another ten years or so.