not to start a mini-debate, but ive seen threads about the number of 170+s given out each exam. i forgot what the conclusion was from those threads...ronde?
if only certain amounts of these student are taken every cycle to the other elite schools, ie HYSCCN...then MVPB will still receive their quota of elite applicants...i wouldn't see a reason why a substantial number of applicants with stellar numbers to michigan would decline, nor do i see the matriculated number of said students declining.
the number of seats available at HYSCCN is still the same - from what I understand, the choice between MVPB then becomes one's preference, is it not? Michigan still places nationally, its not like all its graduates go into the small Detroit market, and only the small Detroit market. So why would the bad economy in Michigan impact its top law school which happens to reside in a thriving college town that is uniquely insulated from the bloodfest in what was one the industrial capitol of the US?
I don't see why Duke or NU would overtake michigan anytime soon, i dont see berkeley continuing at its current pace as berkeley's cost will hurt it a lot IMO as well as the idea that its OCIs were severely demolished (perception taken from various threads)...anyways, as ronde pointed out, 40% of the rankings is perception anyways and michigan will continue to carry an elite reputation nationally.
it still attracts stellar faculty, it is still in the good graces of lawyers and law schools, firms are generally satisfied michigan students, it still places strongly in clerkships, i don't think its OCIs were as bad as other places, it will open new and superb facilities in addition to its hogwartsness in 2012, etc. I mean if the Chief Justice of the Supreme Court visits, walks into 1L classes, and takes questions, then one can infer that the law school is still in great standing, again, IMO.
everything i stated is anecdotal