The actual value of the degree isn't that high in terms of "oh I'm so smart" but it's a practical choice if you want to break into the US law market.

I would venture to say that it is more useful than alot of other degrees (except the oxbridge or harvard type llm). Because NYU is near wall street (literal proximity and being the best school in the city), it has strong connections to big law firms and fortune 500 type companies. Alot of NYU law grads are taken by big law firms due to ease and convenience, as well as established rep and a whole ton of NYU seniors who cherrypick more NYU juniors for their firms.