What does "the new normal" mean to current legal scholarship?

Law schools, and the legal profession, are wondering how to adjust since law school enrollment is steeply declining. There's definitely been a period of adjustment since 2009/10, when enrollment was at its recent high. Law schools are cutting costs by asking faculty to retire, or offering merit-based tuition, and in rare cases, cutting tuition amounts.

But what does this all mean for the current quality of legal scholarship? This article explains more.  (via TaxProf blog).