I'm an UG at one of the surrounding private schools. From what I do know about the UMN law program compared to others is probably what you'd expect. Top grads from any of the local law schools are competitive locally for job placement. The difference is that more opportunities for moving out of the midwest will present themselves to the top grads of UMN whereas top graduates from the other area school may have trouble carrying their degrees to other large cities throughout the country.
Other than that, The UMN campus is great. A real college feel with something for everyone. As others have said, though, the aesthetics of the law building leave something to be desired haha. They do have an impressive law library, though.
If you value experience, the UoM can offer anything you'd want. Hockey is king here. You could spend 500$ a ticket if you wanted to. A new football stadium is being built currently that's right on campus in between the hockey rinks, baseball fields and basketball arena. The school attracts big name performers for students and the local music scene is on par. Minneapolis and St. Paul are just a few minutes away with all that you'd expect.
Dorsey and Whitney is based here, I believe the have have 19 national offices. There are also several other relatively large firms that bring in plenty of money. If you want to be a defense attorney, there's always the Vikings, Twins, Wild and Timberwolves
If you want corporate, MSP is alive and well with potential employers. Target, Best Buy, 3M, Ecolab, Land-o-Lakes, General Mills, Ameriprise Financial, US Bancorp, Toro, Northwest Airlines, Medtronic, and Polaris are all based here. Wells Fargo also has a huge presence here and there's also the world famous Mayo Clinic about an hour south of the cities.
Hope this helps although I know there isn't much about the actual law program!