Harold Jarche referenced this delicious video clip of Father Guido Sarduci pointing out what we all know about traditional schooling and higher education - we forget most of it. So what is the net value to us and society in perpetuating a model that is plainly inefficient, especially when the connected world we live in now fundamentally changes the economics on which that model was based.
As I've said before in one of my original posts to this blog: Less Learning, More Often is a conceptual framework that goes someway to address this chasm.
By the way - get to the end of the clip. The legal profession is vastly over engineered and at some point must undergo disruptive change once we remove the archaic language and democratise access to the computer systems and databases that many lawyers rely on anyway. E-learning can play a big role in helping society better understand the laws of the land.