I'm trying to plan ahead and set goals accordingly as best I can. I hope to have my bachelor complete in 16 months, that would put me at entering law school in the fall of 2016. So with that being said, I could potentially submit applications late this year/early 2016, to start the fall term of 2016. So say that I apply and then determine that I possibly wouldn't finish my bachelor until the fall 2016 term at my undergrad school, then that would mean I couldn't enter law school until 2017. So if I applied to attend in 2016, and then ultimately could not due to not yet earning my bachelor, would I have to reapply again for a different semester/year? I hope that makes sense!
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As for the LSAT, there are TONS of students who take the test the summer before senior year so that they can apply over Fall semester for the following year. Nothing at all out of the ordinary there. If you take the LSAT, it's good for 5 years, so it doesn't matter when you apply. I will say this though - only take the test when you're ready. Ready = your PTs are at the median or better at a school you actually want to attend. You'd be better served if you were close to or above the 75th percentile, but that's up to you.
Whatever you do, don't sacrifice your GPA for LSAT study.