With all that's gone on with King's College London over the last few days (with UCAS having to step-in and set applications to "reject by default" en masse because King's missed the deadline for offers/rejections), there's discussion on some other threads as to the impact that this will have on their reputation and whether people will steer clear of them in future.
Instinct tells me that their perceived "prestige" will survive this debacle, but it got me thinking about the quote that, "It takes 20 years to build a reputation and five minutes to ruin it." (Warren Buffett)
This doesn't seem to apply to universities. Sure, it takes them a long time to build a reputation, but once they have it it seems to "stick", regardless of what occurs thereafter.
Can anyone recall a UK university which used to be considered prestigious, and which is now just considered "one of the pack"? Are there any?