While HBS students weathered a copious quality of references to their manicured campus and the whirlpool in their athletic facility, they threw a few of their own punches.

Judged by the sound of the crowd, they won the following brief exchange:

HBS: How does a company reallocate its resources?

HLS: Bankruptcy law--which you can take here as an elective.

HBS: We won't be needing it.

When a Kennedy School delegation challenged the victorious Law School team to a second debate in the fall, it seemed to many that a new tradition was in the making.

"I suspect that bragging rights are far from settled," Cellucci said