This story makes the most sense if one views the American Bar Association as simply a racket:
Two days after being featured in the New York Times article on how the ABA drives up the cost of law schools, Lincoln Memorial University, Duncan School of Law today was informed in this letter that the ABA denied provisional accreditation for the school.
The ABA derives its power from the scarcity of credentialed lawyers. It’s against their interests for it to become easier or cheaper to become a lawyer.
(Via Instapundit.)