Baylor is a much better school, and reputation of your law school means a great deal at job-hunting time. If you aim only for small-town local legal practice in MS, then go to MC. If you are serious about a career in law, go to Baylor.
A friend is in his second year at a top law school in NYC. He already had 7 job offers from premier legal firms and has taken the offer from one of the world's most famous law firms, which has offices in a number of countries around the world. He wants to go into international corporate law, and its about the best place in the world to go. He'll intern this summer, clerk next year, then start after graduation. Now how many law students get primo job offers in the first semester of their 2nd year? Nearly unheard of -- but he's at a top school, made law review, top-notch grades, etc.
Now, where do you want to be?