BlessedAssurance, would you deny Yale over Harvard (if you were accepted to Yale)? Also, name me superiority other than JD/MBA and lay prestige. Also, take my questioning as a challenge for you to enlighten me not as an affront.
Both are great schools. None of HYS is superior to another in any way, though each may have its distinct edge. Harvard is a better choice for some people, especially those interested in business (not necessarily in the JD/MBA) and working abroad. It's better for business related law because the cross-registration opportunities at Harvard (with HBS, HKS, FAS, etc.) is simply more prestigious than ones at other universities. The mixers with Harvard MBA and Harvard MPP students are also a plus and a great way to network. With regards to working abroad, most clients are managers from medium to large corporations, and most of them don't know which one of HYS is the best for law (they wouldn't be reading TLS), but they know that Harvard is the best university in the world. They could stumble on US News, which claims that Yale is the #1 ranked law school in the US, but they could also stumble on the QS world law schools ranking (http://www.topuniversities.com/universi ... ences/law;
I know the QS ranking is bogus, but they probably wouldn't know whether QS or US News is more legit), which claims that Harvard is the #1 law school in the world. Perception matters, and not everyone travels in the same circles as people on TLS.
With regards to BlessedAssurance's point, I see the law school situation as analogous to a phenomenon in the consulting industry. Some practices at McKinsey are huge, but profit per principal may not be as high as a similar measure at some smaller practices at boutique consulting firms. However, the fact that the practices at McKinsey are huge is a testament to the strength of the McKinsey brand. Same goes for Harvard Law. Harvard Law can have over 550 graduates each year without diluting the Harvard Law brand. Harvard Law is the only law school some what immune to the rankings, just as HKS is some what immune to the rankings. Even though HKS is ranked #3 for public affairs, high level foreign government officials still get their executive education there and still send their children to it.