Well I guess one of the pros of UTS is that it doesn't take too long to get to, and that quite a few of the law tutors (at least the ones that I have had) have said that they teach at both UTS and UNSW, and one of the major benefits at UTS is definitely the smaller seminar classes. It allows for students to become more engaged in seminars and makes the whole learning experience a lot more thought-provoking than mere textbook work. Another benefit at UTS is a lot of practical law competitions which you can enter starting in your first year, such as Client Interviewing, Mooting, Negotiations, Witness Examinations, etc (
http://www.utslss.com/index.php?option=com_content&view=article&id=189&Itemid=150), which quite a few are sponsored by law firms. A lot of the people considering transferring across to UNSW/USYD at the moment are saying that this is one of the main reasons they are considering staying at UTS, because the practical experience is both enjoyable and useful and (I can't confirm this) unique to UTS (although to be fair, these are simple competitions so I don't really see how they'd make you more employable in the long run). There are also programs such as the UTS Justic Brennan (former CJ of the High Court) and Leadership Program (
http://www.law.uts.edu.au/brennan/) which can look very impressive on your CV, as well as an active LSS that helps you complete the program. On the business side of things, I can say my experience has only been positive. The lecturers and tutors are all amazing at teaching you the material, and the Bsoc is always holding meet & greets with top business firms such as PwC, Deloitte, CPA, E&Y, etc, so there are plenty of opportunities to get involved with the firms.
Some of the cons are the fact that UTS isn't a Go8 uni so reputation/prestige wise UTS suffers a far bit more than it should. However, employment wise, it doesn't look like it's terribly killing UTS,
http://www.uts.edu.au/about/university/facts-figures-and-rankings/uts-graduate-employment. Not having a single campus also means that unless you are dedicated, the uni social life is a bit more difficult to be involved with. Another thing is that the uni doesn't receive as much funding, and so things like licences to go onto databases becomes a problem when doing legal research as the amount of people that are allowed on the website at any one time is limited. Also being surrounded by like every fast food outlet and restaurant in town is pretty bad for the health and wallet, but that's not a real con
I can't speak for UNSW because I don't go there, but my experiences with the uni have always been positive and it is one of the best unis around. I suggest going to a UNSW open day, but I'm curious to hear that you are offered bonus points for Law because my understanding is that Law never gets bonus points
. But at the end of the day, both unis are good choices and your decision will come down to which ever uni you'd enjoy being at more. You'll get used to the travel, according to most of my friends there, and you start to just use that time for readings anyway.
Edit: One of the more aggravating things about UTS is the lack of second semester scholarships (again to do with funding). The only ones available are for indigenous australians, for the science/engineering faculties, or for honours kids.