Last year, Stanford and Harvard law schools made like Yale and UC Berkeley before them and ditched letter grades in favor of honors-pass-fail grading systems. The change came at a funny time, just as the economy went south. That's when law firms started laying off associates in droves. Then they shrunk the sizes of their summer programs, or in some cases canceled them altogether for 2010, and pared down their head count for incoming first-year...
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