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Well, most law firms are going to be more willing to look at you if you come from Yale. One difference is going to be where your school is well known. Because we have a crap Career Services Office, it's hard to get a job on one of the coasts. But that's okay, because I want to work in the midwest. Because I want to do government work, having a scholarship is more important to me. If you're going to be making $100,000 when you graduate, it's less important to have a scholarship. But that advice wasn't meant to be "Worry if you can't get into Yale"; it's more guided at the question "Which law school, among those you got into, do you want to go to?"
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"Die Deutschen meinen, daß die Kraft sich in Härte und Grausamkeit offenbaren müsse, sie unterwerfen sich dann gerne und mit Bewunderung:[...]. Daß es Kraft giebt in der Milde und Stille, das glauben sie nicht leicht."
"The Germans believe that power must reveal itself in hardness and cruelty and then submit themselves gladly and with admiration[...]. They do not believe readily that there is power in meekness and calm."
-- Friedrich Nietzsche
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