How are the Universita di Venice and the Universita di Bologna viewed worldwide as well as in Italy?

There is no choice, to my mind.

Bologne is the most ancient Law School in Europe (1183). It has an outstanding reputation both in Italy and worldwide. The student life is fantastic there.

i have a law degree from bologna university. the year of its fondation is 1082 not 1182, so it is older.
yes it is true , its the first law school in the world, and the founders of univ. sorbonne, or oxford ect. were bologna student or professors first. the law faculty is exellent.