I love how someone is still stalking me on this site, "defaming me" for a completely helpful post. Pathetic.
Anyway, my opinion is formed only through first hand experience. I think a lot of times people tell you what you want to hear. I remember right before I took the LSAT, an IP lawyer told me "law schools take anyone with an engineering degree, because there is so much demand for IP lawyers." Needless to say, this is completely false.
I happen to know two people who both accepted jobs and Foley & Lardner. Both were on law review, one was patent bar eligible. I am not sure if she had taken the patent bar yet, but she got close to $15k higher starting salary than the guy who wasn't patent bar eligible. Now, I haven't talked to Foley since passing the patent bar, but I sent them a resume for my 1L and 2L summer job search and couldn't even get an interview despite having an ME degree and decent grades. That would lead me to my prior statement, that big firms typically don't lower standards but instead offer higher salaries. Take it for what its worth.