This panel takes to the next level the debate regarding the current economy’s impact on law schools and the pressures generated by the U.S. News & World Report annual law school rankings. The panel discussion is designed around the beliefs that excellence, diversity, and core values will guide us in meeting these challenges and responding to these pressures. The panelists will address numerous questions, including the following: What is the effect of the economic crisis on those wishing to enter the legal profession? How do mandatory grade curves and merit scholarships affect recruitment and retention of students? How do the proposed changes by the American Bar Association to security of position standards affect hiring and retention decisions? We know that our distinguished moderator and outstanding speakers will provide a lively and thought-provoking session.