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Yes, it’s that time of year—the time for grousing and bragging about the new U.S. News law school ranking. Those who’ve dropped are kvetching, or playing it down, while those whose stock is on the rise are sounding reasonably pleased, or very pleased indeed.

The reactions of law schools to U.S. News rankings are rapidly becoming like law school applicants’ views of the LSAT: a meaningless exercise that obviously bears no relationship to their ability to succeed in law schools, unless they happen to have done well.