In the spreadsheet that I posted on my blog, I tried to come up with some more useful combinations of the USNWR rankings, concentrating on the two factors that I think are most useful to prospective students: placement rate and bar passage rate. But because placement can be gamed, see Bill Henderson and Andy Morriss's piece, as well as Tom Bell's post, my factors don't improve the situation at all.
So what are we to do? The "objective" measures that USNWR uses aren't really that objective; moreover, just because something can be counted doesn't mean that it's useful information. My cat Grace's fur is made up of four different colors. (Grace, to the left, is in her typical "cool down" pose--sort of a modified "downward cat.")
But counting the colors of her fur doesn't get to the quintessential nature of Grace. And don't even get me started on the quintessential nature of Shadow, shown below on Erev Rosh Hashanah 2003, wondering whether she'll be allowed to eat the soup, even though she can't hold a spoon properly.