The February 2014 issue of the Student Lawyer has an article titled "What Employers Really Value". Grades and class rank are important but there are other important traits that are valued more.
1. Can they research? Can they write? These are given several times as important skills the associate must have. The Library's Research Life-Line Workshop series are coming in March to help you with the research value.
2. Good judgment and this includes knowing when to ask for guidance.
3. Client focus, what do you plan to do for your client?
These are just snippets. You should read the article.
Ernster, the Virtual Library Cat
Above the Law - A Legal Tabloid - News, Gossip, and Colorful Commentary on Law Firms and the Legal Profession