First off, let's talk about what it actually means to be waitlisted. Some folks like to paint a grim and dreary picture for waitlisted applicants. In the name of "waking you up" and "helping you see reality" they tell you to "forget about it and move on." But shut those party poopers them out, especially if you've been waitlisted at your top choice school.
By waitlisting you, here's what law schools might be saying: