Just thought I would share my success story.
Lat year, I was a 1L at a 4th Tier school. I applied to transfer out. My 1L grades were great--top 5%. Law Review, etc.
I was accepted to 2nd Tier schools but the 1st Tier schools rejected me.
I faced the choice: Go to a 2d Tier school and pay full tuiton or stay at my 4th Tier school and accept the almost full ride they offered me.
It felt like I was making more of a career choice than an academic one: Go 2nd Tier and get the better job, or stay at 4th Tier and take my chances.
Well, I decided that BigLaw probably sucks anyways and took the scholarship to stay at my 4th tier school.
I sent out tons of resumes anyways, and interviewed at a lot of firms based on my top 5% standing even though my school is low-ranked.
Happy ending: I just accepted two offers. The first is a spring internship in a Fortune 500 company's legal department, and the second is a Summer Associate position at a Vault-rated top 100 private law firm. The pay is $2500 per week, and almost all summer associates get job offers at the end of the summer.
The best part: I don't pay tuiton for these last two years.
SO>>>> Sometimes it is OK to stay at a 4th Tier. It can work out just great. So if you applied to transfer out and didn't get in to 1st Tier schools, your job search may turnut OK anyways.
Good luck out there!
p.s. Don't know if I will be checking back anytime soon (finals!) so please don't post questions...