while it's nothing special to be on a journal, I think many law firms view it as a rite of passage, somewhat. THEY had to do all that stupid cite checking, and so should you, sort of thing.
Moreover, while being on Law Review or any other journal, may not distinguish you in the eyes of recruiters, its omission on your resume may be questioned. I know several people who were asked about this during their interviews.
You may have to go a bit further in your job hunt or participate in something a little out of the ordinary, as opposed to your classmates on a journal.