First: Congrats on the offer for the MLF and fingers crossed that you'll be admitted for the LLM as well. I'm not an expert and can't guarantee but judging from posts of previous years and people I talked to, you should be admitted, too :)
All those programs are great and being admitted is an outstanding accomplishment! :)
My impression is that if you ask people in top positions in law firms and other students, who studied at Oxbridge most of them will tell you that Cambridge is seen as the more prestigious institution. Furthermore, it's a bit harder to get into Cambridge. My feeling is just that people who have studied at one of those places will respect one more, if the person went to Cambridge.
But that's far away from being a two-class society. Hope you folks get what I mean. I really don't mean to speak ill about Oxford. Its just about distinguishing on that high level.
Another aspect that brought me to my decision is that a recruitment partner of a tier 1 investment bank in LDN told me that there is no real fit for MLF graduates in finance jobs since those graduates usually lack quantitive skills in comparison to graduates from business/economic/science courses. So in the end graduates will go into academia or pursue a career in the legal profession and for those purposes I consider the MLF as not that strong tbh.
I mean: I applied for the MLF as well and I'm super happy and proud to have been admitted but as I said: I am pretty sure that Cam is the "better" place overall and the MLF is the "weakest" (even though most expensive) of all the programs.
Hence, I chose Cambridge (if I will attend this year, not sure due to Covid) :)
But I can't stress enough: This is complaining on a very very high level and all those programs are great!Hope, I could help you.
Best regards and fingers crossed for all of you, who are still awaiting a decision :)
Edit: Read my own post again and think that it sounds cocky. I'm really not, can assure you that. Like I said: distinction at a very high level!
I am in a similar situation, choosing between MLF and this LLM (potentially, since my status is still stuck in PAO). Do you mind me asking how you reach this decision? I heard someone saying that Cambridge LLM is more well-recognized than MLF and Mjur. Wonder if that is true.
As between the LLM and the MLF, I'm more inclined to take the MLF, for a more practical and finance oriented course. The MLF gives me a slightly more interesting skillset I think?