Helmholtz wrote:Look. Law school is an investment. If Morgan Stanley negligently mishandles my investment with them, I am due retributive action of some kind. I don't see why it has to be different with the schools. If Michigan drops five spots after I graduate, the school administration is grossly mismanaging my investment, and I think I have a case in reclaiming some of the finances that went toward my education.
If you buy Apple stock at $200/share thinking it's a great long-term investment for the next 40 years, and then the stock drops $10/share because the iPad is announced and people think it doesn't live up to their expectations of what an awesome bliss-inducing tablet should be, you can't sue Apple for the short-term loss, and you shouldn't cry chicken little, either. It'll recover, and probably fairly soon.
That's all a movement in the rankings is, a short-term loss. The school still delivers an overall prestigious education, and it's unlikely any shift like that will last long. Besides which, you still get your primary gains in the exchange (an accredited legal education, an alumni network, a recognized name as one of the best law schools in the country) and a drop of a few or even several spots in the rankings in a single year isn't going to change that all that much.
Once you get into law school and actually take first-year Contracts you'll see how terribly flawed your argument is. It's not a fraudulent or material misrepresentation, so it'd get thrown out of court pretty easily.