I would look into the ABA rules. I believe that if you get kicked out (failed out) after at least one year, the ABA will not let you apply into another ABA law school until after two years. This happened to a friend of mine. But he was kicked out after his 1st year, not in the middle of a year nor was it because he just quit.I think the transferring down bit would make more sense. If you quit now, you lose a semester's worth of $ and time...if you just hang on until the end of the year, you will get those credits, not waste any $, and I can't see why tranferring down would be a problem.