I think the extra ranking system is silly too -- that is both of our opinions -- but since being back in my home state I haven't met anyone that has even heard of the alternate ranking system. So please answer my question -- what are the names of the partners/shareholders and their firms that have told you this -- otherwise it is just another opinion on a message board.
I think you can assume that's exactly what it is. I can't imagine anyone sitting in a job interview asking; "Well, what if I went to Cooley? Would you hire me then?". I can only speak for the firm I'll be working at this fall, and I don't have the impression they're talking bad about any schools. There's probably 150 schools they're not going to hire someone from, but I really can't see them smack talking about any of them. That's more what law students do. Law firm partners are generally grown ups, and act accordingly.