Douglas Baird is a legal scholar, Harry A. Bigelow Distinguished Service Professor and former dean at the University of Chicago Law School. He joined the faculty in 1980 and served as the dean from 1994-1999.
Professor Baird is regarded as one the world's leading experts on bankruptcy and contract law. His books, including Elements Of Bankruptcy", "Cases, Problems, and Materials on Bankruptcy" and "Contract Stories" are used in law schools around the country.
Douglas Baird graduated from Stanford Law School in 1979. At Stanford, he was elected to the Order of the Coif and served as the Managing Editor of the Stanford Law Review. He received his B.A. in English summa cum laude from Yale College in 1975. Before joining the faculty in 1980, he was a law clerk to Judge Shirley M. Hufstedler and Judge Dorothy W. Nelson, both of the U.S. Court of Appeals for the Ninth Circuit.
Baird has written 13 books and 71 articles. In 2008, The Emory Bankruptcy Developments Journal awarded Baird with its Distinguished Service Award which honors an individual who makes a sizable impact on the field of bankruptcy. Baird was named a Fellow of the American College of Bankruptcy and served as the Vice-Chair of the National Bankruptcy Conference from 1997 until 2005.
"Optimal Timing and Legal Decisionmaking: The Case of the Liquidation Decision in Bankruptcy" (November 1999) (Chicago Working Papers in Law and Economics No. 86 (2d Series)) (with Morrison).
"Fraudulent Conveyance," in 2 New Palgrave Dictionary of Law and Economics 192 (1998).
"Game Theory and the Law," in 2 New Palgrave Dictionary of Law and Economics 192 (1998).
"Leveraged Buyouts," in 2 New Palgrave Dictionary of Law and Economics 192 (1998).
"The Importance of Priority," 82 Cornell L. Rev. 1420 (1997).
"The Hidden Virtues of Chapter 11" (March 1997) (Chicago Working Papers in Law and Economics No. 43 (2d Series)).
"The Future of Law and Economics: Looking Forward," 64 U. Chi. L. Rev. 1129 (1997).
"Security Interests Reconsidered," 80 U. Va. L. Rev. 2249 (1994).
"The Reorganization of Closely Held Firms and the 'Opt Out' Problem," 72 Wash. U. L. Rev. 913 (1994).
"Revisiting Auctions in Chapter 11," 36 J. Law & Econ. 633 (1993).
"Introduction: Taking Stock," 36 J. Law & Econ. 237 (1993).
Book Review: Thinking Strategically, Avinash K. Dixit & Barry J. Nalebuff, 100 Journal of Political Economy 1278 (1992).
"The Dark Side of Chapter 11: A Comment on Professor Triantis' Article," 20 Canadian Business L.J. 261 (1992).
"The Initiation Problem in Bankruptcy," 11 International Review of Law and Economics 223 (1991).
"Fraudulent Conveyances, Agency Costs, and Leveraged Buyouts," 20 J. Legal Stud. 1 (1991).
"Jury Trials After Granfinanciera," 65 Am. Bankr. L.J. 1 (1991).
"Self-Interest and Cooperation in Long-term Contracts," 19 J. Legal Stud. 583 (1990).
"Avoiding Powers under the Bankruptcy Code," in Current Developments in Bankruptcy and Reorganization 1990 (PLI 1990).
"The Seventh Amendment and Jury Trials in Bankruptcy," 1989 S. Ct. Rev. 261.
"Property Rights, Priority Rights, and Ostensible Ownership: The Deep Structure of Article 9," in Secured Transactions Under the Uniform Commercial Code, P. Coogan, W. Hogan, D. Vagts, & J. McDonnell (1988).
"Loss Distribution, Forum Shopping, and Bankruptcy: A Reply to Warren," 54 U. Chi. L. Rev. 815 (1987).
"A World Without Bankruptcy," 50 Law & Contemp. Probs. 173 (1987).
"The Uneasy Case for Corporate Reorganizations," 15 J. Legal Stud. 127 (1986).
Book Review, Commercial Transactions, Jonathan A. Eddy & Peter Winship (1985), 36 J. Legal Educ. 433 (1986).
"Changing Technology and Unchanging Doctrine: Sony Corp. v. Universal Studios," 1984 S. Ct. Rev. 237.
"Notice Filing and the Problem of Ostensible Ownership," 12 J. Legal Stud. 53 (1983).
"Common Law Intellectual Property and the Legacy of International News Service v. Associated Press," 50 U. Chi. L. Rev. 411 (1983).
"Bankruptcy Procedure and State-Created Rights: The Lessons of Gibbons and Marathon," 1982 S. Ct. Rev. 25.
"Standby Letters of Credit in Bankruptcy," 49 U. Chi. L. Rev. 130 (1982).
"A Simple Noncooperative Bargaining Model of Corporate Reorganizations," 20 J. Legal Stud. 311 (1991) (with Randal Picker).
"Bargaining After the Fall and the Contours of the Absolute Priority Rule," 55 U. Chi. L. Rev. 738 (1988) (with Jackson).
"Fraudulent Conveyance Law and its Proper Domain," 38 Vand. L. Rev. 829 (1985) (with Jackson).
"Corporate Reorganizations and the Treatment of Diverse Ownership Interests: A Comment on Adequate Protection of Secured Creditors in Bankruptcy," 5l U. Chi. L. Rev. 97 (1984) (with Jackson).
"Information, Uncertainty, and the Transfer of Property," 13 J. Legal Stud. 299 (1984) (with Jackson).
"Kovacs and Toxic Wastes in Bankruptcy," 36 Stan. L. Rev 1199 (1984) (with Jackson).
"Possession and Ownership: An Examination of the Scope of Article 9," 35 Stan. L. Rev. 175 (1983) (with Jackson).
"Rules, Standards, and the Battle of the Forms: A Reassessment of §2-207," 68 Va. L. Rev. 1217 (1982) (with Robert Weisberg).
"Human Cannonballs and the First Amendment," 30 Stan. L. Rev. 1185 (1978).