Everyone always cites employment data from this or that source when exhorting prospective students to "go to a T14 or else". The problem with this horrible, shallow analysis is that employment data for T14 schools is somewhat skewed. Many who attend T14s already have a job upon graduation and they had it from day one. Therefore, a true analysis of the employment prospects of T14 grads would have to eliminate those whose family connections afford them opportunities that the broad cross-section of law grads do not have (assuming the analysis was simply for those students, like me, who do not come from a priveleged background to determine which school to attend). If this type of analysis were done, my HYPOTHESIS is that the T14 schools are marginally better than other schools and not worth the debt load.
Don't be silly. Family connections have almost nothing to do with who gets into law schools. It's 90% LSAT+GPA, for starters.
If you review placement stats for T14 grads, you'll find almost none work with family or family-connected law firms. Even those T14 students with lawyer parents will generally have far better options than working with the family firm.