A Leading Intellectual Community
An advantageous location, a reputation for innovation and impact, and a strong intellectual community make Stanford Law a magnet for leading scholars, legal practitioners, and business leaders who are shaping the field of law, economics, and business, while educating tomorrow’s lawyers, entrepreneurs, and executives.
With a faculty of leading scholars with expertise in a wide range of fields—tax law and policy, statistics, mathematics, bankruptcy, contract and commercial law, corporation and securities law, corporate governance, health law and policy, antitrust, intellectual property, and employment law—Stanford Law has long been known for its role in the law and economics movement. LEB faculty members bring diverse strengths and perspectives and represent a wide range of experiences—as educators and researchers, policymakers and decision makers. The reward for students comes in the opportunity to study and do research with some of the best scholars in the world.
LEB’s faculty has had work published in all of the nation’s leading law reviews and business and economic journals, and is engaged in a broad range of scholarly activities. Recent projects include research into corporate governance, CEO compensation, class action securities fraud litigation, the redesign of the federal and state tax system to allow for easier tax return filing, the economic desirability of product liability, the application of advanced decision-making techniques such as Bayesian analysis and real options theory to the study of litigation and business operations, and the redesign of the nation’s financial and regulatory structure.
By melding theory and practice with high-level dialogue and collaboration, LEB unites law school faculty with educators from Stanford’s other top-ranked schools and departments and with industry and policy leaders. Countless scholars outside the law school, from the Graduate School of Business and the Economics Department and School of Engineering to the Hoover Institution and the Stanford Institute for Economic Policy Research, contribute to the intellectual vitality of the law and economics activities at Stanford. LEB students also benefit from many opportunities to engage with visiting experts.
One measure of the success of LEB is the number of students who go on to academic careers focused on the economic analysis of law. Graduates of Stanford’s program have received appointments in the economics departments and/or law or business schools of Columbia, Cornell, Emory, Harvard, London School of Economics, Minnesota, Northwestern, Pennsylvania, Stanford, Texas, University of California at Berkeley, University of Southern California, Wisconsin, and Yale.
Rock Center Studies on Corporate Governance
How reliable are corporate governance ratings in protecting shareowner rights? According to a study conducted through the Rock Center for Corporate Governance the answer is “not very.” Looking at four of the most prominent corporate-governance firms—Institutional Shareholder Services (ISS), The Corporate Library, GovernanceMetrics International (GMI), and Audit Integrity—the Stanford faculty team found little statistical evidence of links between the four companies’ ratings and the actual performance of the enterprises they assessed. The research, like other efforts at the Rock Center, has shed more light on corporate governance toward identifying and sharing best practices—and LEB students can be part of this groundbreaking work.
We have the right people at Stanford, faculty members who could have chosen either path—as a power lawyer/policymaker or academic. Some of them do both, and they’re very involved with our students.F. Daniel Siciliano
Professor of the Practice of Law and Associate Dean for Executive Education and Special Programs