a portmanteau combining the words law and catastrophe. lawtastrophe is the continual decline of the law industry and the law school industrial complex.
Dewey & LeBoeuf is a microcosm of the law industry's decline. Moreover, from the TTTTs to the lower T14, these law schools are throwing scholarships left and right to lower caliber students. This shitty economy has exacerbated the lawtastrophe that built up over the years.