I appreciate the replies. Thanks.
From just talking with lawyers around Portland, I have come to understand that up until the last five or ten years, Williamette was considered the premier law school in Oregon. As the rankings became more well known and influential and as Portland has became a somewhat more sophisticated urban area, the reputation and prestige of L&C rose higher. Being between L&C in Portland and UO in Eugene (less expensive, research university setting) must be difficult. Salem also has a mixed reputation as a place to live.
Overall, I believe a degree from any of the Oregon schools is fine if you plan on staying in the Pacific NW.
Personally, I have lived in Portland since 2000 and really enjoy living here. I am staying as open minded as I can and feel that I can make a go of it anywhere. My nature is to avoid debt, yet finding a balance between all of the relevant factors is also important.
Sorry about the length of this reply.
Disclosure, I'm JamesB over on law school numbers.com. I noticed you (Bobfett) were applying at UO, me too, good luck.