Given the substantial lack of racial diversity within the U.S. legal profession, it is important to understand how to improve the representation of racially minoritized students at law schools. This study uses panel data from the 2010s to consider several types of factors that may shape the number and percentage of incoming law school students from several racially minoritized groups: finances (regarding financial aid and cost of attendance), demographic representation (of current students, faculty, and community members), and rankings (from "U.S. News"). The results of fixed effects analyses revealed that increases in the representation of Latinx and Asian students as well as Faculty of Color predict subsequent decreases in the percentage of incoming racially minoritized students, which suggests that law schools' efforts to recruit racially minoritized students may depend on recent changes in student and faculty representation. Moreover, increases in the ingroup racial representation within the state (in which the law school is primarily housed) and U.S. News rankings are both associated with greater subsequent numbers of incoming Black and Latinx law students; the provision of conditional scholarships and the combined total of tuition and fees are also significant predictors. These findings have salient implications for policy and practice.