Prof. Steven L. Schwarcz


Current Position

Duke University School of Law
Corner Science & Towerview Drives
Box 90360
Durham, NC 27708-0360

Tel: 919-613-7060
Fax: 919-613-7231

Class: XXI (2010)Circuit: Fourth


NYU School of Engineering & Science, B.S. (1971)
Columbia Law School, J.D. (1974)

Professional Career

Stanley A. Star Professor of Law & Business, Duke Law School (1996-)
Leverhulme Visiting Professor, University of Oxford (Fall 2010)
Partner and Practice Group Chair, Kaye Scholer LLP (1989-96)
Associate (1974-82); Partner (1983-89), Shearman & Sterling


ABA Section on Business Law, Business Law Advisor (2008-09)
American College of Commercial Finance Lawyers, Fellow and Regent
International Insolvency Institute, Founding Member
The American Law Institute


"The Governance Structure of Shadow Banking: Rethinking Assumptions About Limited Liability," available at forthcoming 2014 Author
"Regulating Shadows: An Inquiry Into the Market Failures of Shadow Banking," available at Author
"The Use and Abuse of Special-Purpose Entities in Public Finance," 97 Minnesota Law Review 369 2012 Author
"Controlling Financial Chaos: The Power and Limits of Law," 2012 Wisconsin Law Review 815, also available at forthcoming 2012 Author
"A Minimalist Approach to State 'Bankruptcy'," 50 UCLA L. Rev. 322, available at Dec 2011 Author
"Sovereign Debt Restructuring Options: An Analytical Comparison," Harv. Bus. L. Rev., available at forthcoming 2012 Author
"Regulation of Financial Services in the EU," European Central Bank conference Oct 20, 2011 Keynote Address
The National Assembly of the Republic of Korea Apr 30, 2010 Distinguished Public Lecture
"Regulating Systemic Risk: Towards an Analytical Framework," Notre Dame Law Rev. 2011 Co-author
"Regulating Complexity in Financial Markets," Washington Univ. L. Rev. 2009 Author
"Systemic Risk," Georgetown Law Journal 2008 Author
Inaugural Georgetown Law Journal Author Lecture 2008
Roy R. Ray Lecture, SMU Law School 2008
"The Limits of Lawyering: Legal Opinions in Structured Finance," Texas Law Rev. 2005 Author
"Intermediary Risk in a Global Economy," Duke Law Journal 2001 Author
Keynote speaker in various scholarly symposia.