McKinsey (one of the top three management consulting fims, the other two being Bain and BCG) actively recruited at our law school. Never one to pass up new opportunities, I actually signed-up and tried out for McKinsey (this was a few years ago). They required resume and grades. I'm not sure if they ever looked at my grades/resume.

Wow. Management consulting! You get to work with super smart and accomplished team mates. Your clients are fortune 500 company executives. You get to travel. Start new projects every 6 months or so. Work hard and play even harder. I mean what's not to like about it?

What does it all mean?
First off, let's talk about what it actually means to be waitlisted. Some folks like to paint a grim and dreary picture for waitlisted applicants. In the name of "waking you up" and "helping you see reality" they tell you to "forget about it and move on." But shut those party poopers them out, especially if you've been waitlisted at your top choice school. 

By waitlisting you, here's what law schools might be saying: