I'm a second year law student. It is a time crunch for sure. My workout time is limited and training has to take a back seat right now, but I make the workouts count.
So, 2nd year.....you're done with all the math and science you've been doing your whole life and now it's on to the real world stuff??? A couple of my friends are in/went to Med school and they all said 2nd year is when they felt the time constraints. Law school nailed me on day 1 with all the readings.
I'll do bench 5x5 with a straight weight to get lots of volume in, squat 5x5 with a straight weight, and either deadlifts or cleans followed by rows during my training week. I squeeze in some accessory work for the arms and do some decline situps. I can make in to the weight room 2-3 days a week (usually 3), and I am pretty pleased. It's about quality.
You can make better progress working the basics and making them count than wasting 3 hours in a gym doing something totally worthless like a curl and pressdown-fest.
I also prioritize. School first, then workouts. I don't drink or go out or anything because the time I am not putting into school, I want to get in some training and being drunk not only takes up a night, but ruins the next day if you planned to workout. I'm a little older though (28....worked for 5 years before law school), so I got all the partying out of my system long ago. Lifting is kind of my outlet/drug of choice.