What would happen is that the rankings would mean even less then they do now, as reputation is the most important factor in placement, and most of the other categories (placement percentage, etc.) are heavily gamed by the schools themselves.
It would ultimtely inflate the importance of LSAT/GPA even further, which would presumably bother many on this board.
For what it's worth, though, Stanford would probably drop below NYU.
I was wondering if anyone had ever taken the USNWR data, removed the reputation scores, and then recalculated the rankings.
What schools would rise? What schools coast on their reputations and would plummet like a rock without them?
Bingo on rep being most important part of the current rankings.