Last Tuesday night, the Summer Associates went go-kart racing with Bilzin Sumberg‘s Business Finance and Restructuring Group at K1 Speed Indoor Go Kart Racing. The event started off on a bit of a sad note as we watched the United States soccer team‘s demise in the World Cup. However, excitement and anticipation soon filled the air as we walked over to the indoor race track. The K1 Speed instructors gave us a quick tutorial on how to operate the go-karts, and then split us up into two groups. Each group drove a 14 lap qualifying round and the group members were ranked according to their fastest laps. K1 then rearranged the two groups for a championship round of 12 laps and once again ranked the group members.
Theories abound regarding how K1 rearranged the groups. Most believe that K1 selected the fastest drivers from each group and placed them in group 1, and then placed the remaining drivers in group 2. Others (mostly folks from group 2) maintain that the rearrangement was completely random.
Scott Baena, Chair of the Business Finance and Restructuring Group, came in first place in both the qualifying and group 1 championship rounds and was the fastest and most efficient driver by far. He later disclosed that a family member of his is an avid go-kart racer, and that he has had some practice. John Atkinson and Jay Sakalo came in second and third place respectively.
Jenny Araque was also one of the night’s best racers. After a mediocre performance in the qualifying round, Scott Baena observed that Jenny had some serious talent but was not actualizing her full potential. He urged her to “be aggressive, Jenny!” and she ended up coming in first place in the group 2 championship round. Jared Spector, the only summer associate to rank, came in second place in group 2 and Eugene (“Gene”) Polyak came in third.
We ended the night with a Mexican dinner and an award ceremony. Overall, the night was an excellent opportunity for the summer associates to spend quality time with Bilzin’s Business Finance and Restructuring attorneys. We were able to learn about the relationship between business finance and restructuring and get to know many attorneys we have worked with over the course of the summer.
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