Who Responds to U.S. News & World Report's Law School Rankings?

57 Pages Posted: 5 Jul 2006 Last revised: 31 Oct 2014

See all articles by Jeffrey Evans Stake

Jeffrey Evans Stake

Indiana University Maurer School of Law

Michael Alexeev

Indiana University Bloomington - Department of Economics; Russian Presidential Academy of National Economy and Public Administration

Multiple version iconThere are 2 versions of this paper

Date Written: October 30, 2014

Abstract

U.S. News & World Report (USN&WR) publishes annual rankings of ABA approved law schools. The popularity of these rankings raises the question of whether they influence the behavior of law teachers, lawyers and judges, law school applicants, employers, or law school administrators. This study explores some indicia of USN&WR influence. Using data purchased from USN&WR, we attempt to determine whether USN&WR might have influenced 1) law faculty members who respond to the USN&WR survey of law school quality, 2) lawyers who respond to USN&WR surveys, 3) law school applicants choosing a school, 4) employers who hire law school graduates, and 5) administrators who set tuition. We find significant effects on the first three groups, particularly with respect to lower rank schools. That is, there may be “echo effects” of USN&WR rankings that are folded back into subsequent rankings and tend to stabilize them. We also find that rankings may exert some influence on tuition at law schools outside the top 40.

Keywords: law school rankings, returns to education, Arellano-Bond vs OLS

JEL Classification: I21, K49, L15, C33

Suggested Citation

Stake, Jeffrey Evans and Alexeev, Michael V., Who Responds to U.S. News & World Report's Law School Rankings? (October 30, 2014). Indiana University School of Law-Bloomington Legal Studies Research Paper No. 55, Available at SSRN: https://ssrn.com/abstract=913427 or http://dx.doi.org/10.2139/ssrn.913427

Jeffrey Evans Stake (Contact Author)

Indiana University Maurer School of Law ( email )

211 S. Indiana Avenue
Bloomington, IN 47405
United States
812-855-4444 (Phone)

Michael V. Alexeev

Indiana University Bloomington - Department of Economics ( email )

Wylie Hall 105
Bloomington, IN 47405-6620
United States

Russian Presidential Academy of National Economy and Public Administration ( email )

pr. Vernadskogo, 84
Sredny av. V.O., 57/43
Moscow, St. Petersburg 119571
Russia

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