Friday, May 31, 2013

USNWR ranks law schools based on "best bang for the buck."

From Bob Morse's Inside the College Rankings column at the USNWR blog.  Included below are the top 10 schools under Mr. Morse's new "efficiency" ranking.

Which Highly Ranked Law Schools Operate Most Efficiently?

U.S. News has developed a new, exclusive list showing which law schools are able to produce the highest educational quality, as determined by their place in our Best Law Schools rankings, but spend relatively less money to achieve that quality.

. . . .

U.S. News measures financial resources in part by taking into account how much a law school spends per student on instruction, including faculty and staff salaries, library, supporting services and other expenditures, such as financial aid. The financial resources ranking factor is a direct measure of the size of each law school's yearly budget expenditures per student compared with other law schools, and it has an 11.25 percent weight in the Best Law Schools rankings methodology.

The new list is based on the concept of operating efficiency, defined as a law school's total budget expenditures per student divided by its overall score – which U.S. News uses to determine its overall numerical rank – in the 2014 Best Law Schools rankings. This calculation reveals how much each law school is spending for each point in its overall score and thus, its position in the rankings.

The less a law school spends relative to other schools as correlated to its overall U.S. News rank, the more efficient it is in producing a quality education compared with other schools.

Law school (name) (state)
U.S. News 2014 Best Law Schools rank
Total fiscal year 2012 spending per student
Spending per student for each point in the U.S. News overall score
University of Louisville (Brandeis) (KY)
     68
     $28,151
                 $654.67
Rutgers, the State University of New Jersey–Camden
     91
     $26,858
                 $688.67
George Mason University (VA)
     41
     $38,684
                 $703.35
University of Wisconsin—Madison
     33
     $42,415
                 $731.29
Rutgers, the State University of New Jersey—Newark
     86
     $30,236
                 $755.90
College of William and Mary (Marshall-Wythe) (VA)
     33
     $44,104
                 $760.41
University of North Carolina—Chapel Hill
     31
    $45,232
                 $766.64
University of Tennessee—Knoxville
     61
     $34,792
                 $773.16
University of Nebraska—Lincoln
     61
     $35,228
                 $782.84
University of Kentucky
     58
     $36,407
                 $791.46
       
       
       
       

Click here to see the rest of the schools that made the list.

(jbl).

http://lawprofessors.typepad.com/legal_skills/2013/05/usnwr-ranks-law-schools-by-best-bang-for-the-buck.html

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Comments

I am happy to see that my alma mater placed number 1. Did you notice that most of the law school's were state law schools? Is this because of the budget constraints that are usually put on state law schools?

Posted by: Scott Fruehwald | May 31, 2013 9:23:53 PM

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