Like it or not, the U.S. News & World Report’s annual ranking of law schools profoundly influences the way those schools are managed, spend resources and are perceived internally and by the outside world.

That is the conclusion reached by two sociology professors who interviewed more than 200 law school administrators, faculty members and prospective law students and combed through other statistical data. Their report, “Fear of Falling: The Effect of U.S. News & World Report Rankings on U.S. Law Schools,” has been released by the Law School Admission Council, which partially funded the research.