For undergrad, I got wait-listed at four school, and rejected at two. Luckily, the one school I did get into was a great fit.
I'm sure you're going to end up in a similar boat. With the economy terrible, more and more people are putting off entry into the "real world", and that means law schools are getting a crush of applicants. However, there's a school out there that will take you, and you'll be happy to go there.
Also, regarding wait lists: I applied to six law schools. One was a reach, four were in about the tier I belonged at, and one was a safety that was a tier below what my credentials suggested. I got into the four schools in my tier, was rejected at the reach, and was wait-listed at my safety. Why? Because I'm sure they knew they were my safety. You could very well be experiencing the same thing. If you don't get in anywhere -- and I expect you will -- contact admissions and tell them that they're your first choice, and you'd really like to be reconsidered.
Lastly, when you do get into multiple schools, go to the one that feels like a better fit, not the one with the higher ranking. As a few of us BC Law grads found out, rankings can change, and oftentimes for the worse (although BC is moving its way back up the ranks again, thankfully.)