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<p>No, it doesn't. It does give Latin honors at graduation that distinguish the top 10% and top 40% of its graduates. Everyone has a job by that point anyway, but even to the extent that it matters, your statement that "if you graduate last at Harvard, that fact is clearly shown by your class rank" is just plain wrong, not in need of "clarification." At most, an employer who knew the meaning of the various Latin honors (a big assumption) could determine that you were in the bottom 60% of the class, which is a big group and not exactly a stigma. Just as an illustration, I was in the bottom 60% with no journal, and I got a clerkship on the 7th Circuit. (BTW, my sister, who went to YLS, applied in district courts but did not get a clerkship at all.)</p>
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<p>including Law Review spots, according to ones grades.</p>
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<p>14 out of the 40+ law review slots each year are assigned in PART based on grades; your writing competition score is still heavily weighted. The majority of slots awarded have nothing to do with grades. I don't dispute that it's easier to get on YLJ than HLR, but that's because of the nature of the exam (bluebooking vs. writing & editing), not because of the grade-on slots.</p>