I have blogged in the past about the issue of class rank and GPA on resumes. See, for example, here, where, in the comments, I stated:
There are two major law schools in my geographic area. My GPA at my school puts me in a good (though not omg wow) class standing. That same GPA at the other school would put me very low in the class indeed. My school: magna cum laude. Theirs: no honors at all. Really. Their grade inflation versus our hard core curve.(Especially when jobs ask for transcripts. Ugh.)
So yeah, folks from my school are apt to put class rank, at least the first few years out, just because we look less competitive than we really are.
I am happy to say that, in 2012, I have officially removed all the bullshit from my shiny new "I'd like to be a real lawyer now, please" resume. No GPA or Class Rank at all. Magna cum laude says it loudly enough, and my experience block (located above the education block) looks much more solid now.