I just competed in my first law school competition ever and it was a lot of fun. I was terrified when I first walked in, but as it went on, it got better and I really enjoyed it. I lucked out and got a terrific partner too, but still it was definitely a worthwhile experience, I feel.
So, do competitions, they are fun. Of course I'm a highly competitive individual. When I was 1-2 years old, I was in daycare and another little girl, who was a year or so older than me, was being potty trained, so of course I had to be potty trained too and I beat her. I was potty trained first! So... yeah, competition, I like it.
Which is probably why I still like law school...thus far.