objctnyrhnr wrote:which brings me to another point that I do not think is brought up that often. take two strong schools in the same market. USC/UCLA or BC/BU. To a 0L, ranking might matter a ton when it comes down to deciding which of the two to go to (assuming one has gotten into both)...perhaps even more than scholly money. if the higher-ranked school's yield is gonna be way higher, they are gonna consistently get better-numbered students, and this will probably affect jobs and prestige, won't it? or do I have the connection in the wrong order?
These things may make a difference in the long run (10-year trends, etc.), but 1) you can't assume 1- and 2-year trends are going to continue, and 2) if they do make any difference, it will be long after you graduate when you would notice the effect.
Employers at OCI usually have long-running connections (decades) with the schools they hire from. They're not going to break these commitments due to rankings fluctuations of one or two years due to a one- or two-point LSAT median drop. The only way I could see this happening is if there is a dramatic change in student quality like at UIUC. We'll have to wait another year or two to see what happens with that.
However, as firms without current commitments decide to expand hiring, they may look at schools that are pulling in better students than those that aren't. But this is something that requires the aggregate effect of many years to play itself out. Like a decade or so, if not more. IOW, the lag time for this to actually effect hiring is pretty long.