The top NY law firms do not recruit at UVa, and I doubt the West Coast ones do either. But anyway, I've known enough UVa law grads to know what the law school is like. I also know a few folks who used to teach there. They left for greener pastures. UVa has the reputation it does primarily because of Clarence Thomas and his spawn. He loves UVa clerks.
I don't know anything about undergrad business schools. Needless to say, I wouldn't major in business for my undergrad degree. Maybe that's just me. It's also true that students who did major in business in undergrad would talk to me about the first-day-of-school lecture that I taught to provide background for everyone. They would say, "you just did my whole undergrad finance course in one lecture." That's bad. I'd love that to be a sign of my brilliance but I don't think so.
I've never been to C'Ville. If it's as nice as you say then perhaps I'd attend on full scholarship, no payment needed. And if I was in-state UVa it might be a different story. But I'm not going to put UVa in the same tier as U of M.