You know, I'm not sure. I have heard about the "attrition" rate at lower T schools being in part due to transfers, and a lot of people lie to themself and say "I'll be #1 in there, I'll be able to transfer" but in reality only the top 10% transfer and regardless of which lawschool you go to you will notice that even after grades come out 90% of the class will claim to be that top 10%. You will be able to see how many A's,B's,etc your teacher gave and even if the sheet only shows 3 A's and 100 B's, 90 people will claim to be those A's.
Why? Because they are fill of *&^%,and probably mildly scitsophrenic.
As far as the cons of transfering, I'm told that it impacts your cumulative GPA since the credits transfer as credit and not as a GPA. So the A's you get to qualify to transfer disappear and if you (got forbid) get one C- that first term after transfering you on AP instead of just a 3.9 like you would have with the old grades. Plus I'm told it's harder to get into lawreview, but I think moot court still let's transfer in. I've noticed the jocks from undergrad end up in mootcourt and the chessclub ends up in lawreview. You want to have a beer with the first and give a wedgie to the latter.
Just my opinion.
If you want to get a free ride, go for it. Just don't do it ONLY to transfer. Nothing wrong with transfering either, just don't let if be your ONLY reason.
Good to know, thanks! How often do people go to Cooley only to transfer after their first year? I heard that transferring isn't always a good thing?