Law school: Is it worth it?

William Mitchell College of Law and Hamline University's law program announced last week they will be merging.

The announcement comes at a time when the number of first-year law students is at its lowest point nationwide since 1973.

"The 37,924 full- and part-time students who started classes in 2014 represent a 30 percent decline from just four years ago, when enrollment peaked at 52,488," according to a New York Times report in December.

Is law school still worth it? What are law schools doing to remain relevant? And what is the future of legal education?