next cycle when i apply i plan to treat these two as essentially equal. i'd love to go to either (but would love to go to duke more, obviously). i have soft ties to both schools (legacy with an uncle at wake law plus wife got masters there, whole family went to unc undergrad except me and im getting phd there). wake seems much more generous with scholarships and seems a little easier to get into. i nearly went to wake for undergrad and would love to have another chance - i love the campus and winston was cool when my wife lived there. unc seems to have fewer scholarship opportunities...obviously for in-staters its almost cheap enough as to not need them.
long story short..i think you'd be happy with either. they're tied in the rankings (honestly, i could see wake going higher this round) and im nervous about the prospect of the law school moving at UNC while i would be there (i think it is moving to a new campus in 11-12.)
where are you planning to practice? that is the biggest factor. obviously UNC places better than wake nationally but in state, especially in charlotte, they're closer than you think.