my 2 cents; im Asian, grew up in TX, currently living in the northeast, and have lived in Houston and Austin haha
TX is a huge state -- grew up there and there are a LOT of areas I have never been to. the major cities are all pretty diverse with something for everybody. having really only visited San Antonio and lived in Houston/Austin, i have NEVER felt any sort of (explicit) racial tension or lack of diversity. but Austin > Houston any day of the week imo. Houston gets a bit boring is all, though it is shinier and prettier than the downtown area of Austin (but Austin will grow on you! mom and pop shops while Houston is all franchises). unfortunately, Austin, unlike Houston, does not really have a chinatown
i dont love
the heat or the humidity, but i hate the cold. i can deal with the heat, and come on, it is TX. you're hot for what...the 30 sec walk to your car? A/C in every building and cars to every location. sure you'll break a sweat in those 30 sec but
Austin's weather is a bit nicer than houston's. i hear allergies can be a prob there, but i never had allergies growing up and had zero probs for the yrs i lived in Austin. UT Austin also has a large Asian population..i think UT Austin is one of the higher ranked schools when it comes to popularity for asian transfer students. ~20% of UT is Asian. It is a pretty liberal city too, esp. when you consider the fact that it is in TX lol.
unlike in Houston, if you go to UT Law, you can probably get around fine without a car for 3 yrs. some of your friends will have it for whenever you need to get somewhere interesting, but most ppl live in nearby off campus dorms. the free UT shuttle bus stops at plenty of locations as well if you're not excited about walking (though Austin is pretty bike-friendly for a TX city).
LOTS of good looking ppl in TX...esp. UT Austin, but im a guy so...lol. comparing markets and M&A work...i know the biglaw firms in TX do M&A work, but im sure you'd see more of it at NYC. however, i dont know what the chances of getting biglaw at NYC out of BC are compared to chances of getting biglaw in TX are out of UT. thing is, UT is a powerhouse in TX because TX is a pretty insular state. you need ties to the area to usually get a biglaw job there, but going to UT law = ties. i dont know the costs of the two schools either -- is one cheaper than the other for you? either way, the amount of money you make in the NE...well, let's just say, COL is prob only half as expensive in Houston/Austin/Dallas as it is in the major NE cities. Half. i just played with a COL calculator the other day and 160k in NYC = 70k in Houston. wow. TX also survived this recent recession a lot better than most other states since it is big energy and a very 'stable' housing market (never make a lot but cant lose a lot either).
being fluent in multiple languages is a great asset. firms definitely like it, esp. asian languages since a LOT of expansion is happening there. knowing both japanese and chinese will be super useful for you.
best of luck with your decision!