But Boalt's overall acceptance rate according to lawschoolnumbers is 13% so I don't know why people are particularly freaked out about FR.
admitted candidate had to go through the second-round process of faculty review, then of course people should be happy or relieved to be notified that they've reached FR instead of freaking out about it. However, given that 500-550 people had already been directly admitted via the "administrative review" process without going to faculty review, with only 200-250 being admitted from a second-round pool of 1,500 candidates, I can understand why applicants get scared of FR. Here's why:
Even though both the FR acceptance rate and the overall acceptance rate are around 13%, you are being compared to very different pools
of people. If your application is strong enough to make it to FR, you're already above the average Boalt applicant --- and you probably already knew that when you decided to apply. Thus, at the time of submission, you (correctly) estimate you have a larger than 13% chance of eventual admittance. However, when you're notified that you're under FR, it means you were not admitted in that initial 500-550 group. You're now being compared to a much stronger pool
of candidates, with the obviously weak ones removed, and many of the remaining ones being similar to you. At this point, it really does become more like a 13% chance of success.
This is why people are freaked out about FR.