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That was similar to the reasons I chose to do a master's. If you are particularly keen to explore the law further (and are able to secure funding), that sounds like a sensible reason. I was lucky in that I was able to secure a grant to cover some of my fees, which made the decision easier - I'm not sure if there are opportunities here too.

I would just flag that it added marginal (if any) value to my applications, which is why I usually ask the question. As you said, there are also other considerations at play here, particularly the limitations on in-person teaching, which I imagine may impact the enjoyment of the master's degree.

You might also want to factor in what you would do instead of the master's. It may be the case that it's important to you to devote yourself to something for a year to further study, especially if there isn't anything else you could be doing right now. Alternatively, if you don't do the master's, it might be a useful opportunity to focus all of your time on applications/attending events/upskilling in other ways.