On MMU's CLP Exemption; yes, it's a qualified exemption that undergoes a review every 2 years or so.

Also, MMU grads have to take an additional professional course to cover a few papers after graduating.

On competency, I think the grads are like any other grads, some good, some average, some just terribad. We may be rated last when it comes to hiring though probably due to the relatively youth of our degree and it is an open secret some firms and corp companies won't touch us with a 10 foot pole.

Merely quoting some study I read on the news sometime back on young lawyers and 'want-ability' based on uni. I think it's partially because of the way we were awarded the exemption by the LPQ. Within the legal profession itself, the grads aren't having a bad time looking for a job, just maybe not with the bigger, more 'prestigious' firms. So far, very very few working outside the field. I can only think of 3 out of the entire batches that have graduated.
Also, I think there is some bad rep caused by some grads also. But I suppose that is common with most local u grads.