The Right CoastTaxProf Blog: S&P Downgrades Many Law Schools, Thomas Jefferson Falls to Junk Bond Status By Thomas A. Smith December 7, 2013 Standard & Poor's, As Law School Demand Drops, Credit Quality Among U.S. Schools Diverges:Stable-to-growing demand has been a characteristic of law schools for the much of the past 25 years, but since 2010 enrollment at many law schools has…