Story here. In classic journalistic fashion, the article reports, "Some members of the law community were surprised by the announcement and voiced concern for the school’s future. That’s because in past years, USC’s School of Law has dropped in some academic rankings. In 2006 the U.S. News & World Report ranked the law school No. 90 out of 179 schools. Last year, it was ranked 82nd."
U.S. News may rank academic institutions, but it is not an "academic ranking"!