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Faculty

Michael Simkovic

Michael Simkovic

Professor of Law and Accounting

Last Updated: Friday, September 29, 2017

Email:
Telephone: (213) 740-7939
Fax: (213) 740-5502
699 Exposition Blvd. Los Angeles, CA 90089-0074 USA Room: 468
Google Scholar Profile: Link
SSRN Author Page: Link

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Michael Simkovic’s research focuses on the intersection between law and finance, with a particular emphasis on credit markets, financial regulation, and taxation. His work has been published in leading journals including The University of Chicago Law ReviewThe Journal of Corporate Finance, and the Journal of Legal Studies.

In 2015, he received the American Law Institute’s Young Scholars Medal and became an elected member of the American Law Institute. For four years in a row, he was voted among the most influential in legal education by National Jurist Magazine. He was the recipient of the American College of Consumer Financial Services Lawyers Writing Award in 2012.

Prior to joining the USC Gould faculty, Simkovic was an associate professor at Seton Hall Law School. In addition, he has worked as an attorney at Davis Polk & Wardwell in New York and a strategy consultant at McKinsey & Company, specializing in legal, regulatory and business issues affecting financial services companies.

He is a frequent contributor to Brian Leiter’s Law School Reports, and has published in The Washington Post and The New York Times Dealbook. His work has been cited by federal regulators and in publications such as The New York TimesWashington PostLos Angeles TimesBloombergThe Atlantic, and USA Today.

Simkovic has presented his research at the American Law & Economics Association Conference, the Conference on Empirical Legal Studies, the National Tax Association, and at Harvard, Stanford, NYU, Berkeley, Northwestern, University of Virginia, UCLA, and USC.

In addition, Simkovic has served as a visiting professor at the University of North Carolina, Chapel Hill and as a visiting scholar at Fordham University.

Simkovic earned his JD at Harvard Law School, where he was an Olin Fellow in Law and Economics, and his undergraduate degree from Duke.

Works in Progress

  • Value of a Law Degree by College Major (with Frank McIntyre) - (SSRN)
  • The Limited Liability Tax

Articles and Book Chapters

  • "Are Law Degrees as Valuable to Minorities (with Frank McIntyre)?" International Review of Law and Economics (forthcoming 2017). - (SSRN) - (www)
  • “The Evolution of Valuation in Bankruptcy.” American Bankruptcy Law Journal 91 (2017): 299. - (Hein) - (SSRN)
  • “Timing Law School” (with Frank McIntyre). Journal of Empirical Legal Studies 14 (2017): 258. - (SSRN) - (www)
  • “A Value-Added Perspective on Higher Education.” U.C. Irvine Law Review, Symposium (forthcoming 2016). - (SSRN)
  • “Making Fraudulent Transfer Law More Predictable.” In Handbook on Corporate Bankruptcy, edited by Barry Adler. Edward Elgar (forthcoming 2016).
  • “What Can We Learn from Credit Markets?” American Law Institute Proceedings 93 (2016): 134. - (SSRN)
  • “Taxes, Subsidies, and Knowledge: A Reply to Professor Oei.” University of Chicago Law Review Online 83 (2016): 82. - (SSRN) - (Hein)
  • “The Knowledge Tax.” University Of Chicago Law Review 82 (2015): 1981. - (SSRN) - (Hein)
  • “The Economic Value of a Law Degree” (with Frank McIntyre). Journal of Legal Studies 43 (2014): 249. - (www)
  • “Populist Outrage, Reckless Empirics: A Review of Failing Law Schools” (with Frank McIntyre). Northwestern University Law Review Online 108 (2014): 176. - (SSRN) - (www)
  • “Risk-Based Student Loans.” Washington & Lee Law Review 70 (2013): 527. - (SSRN) - (Hein)
  • “Competition and Crisis in Mortgage Securitization.” Indiana Law Journal 88 (2013): 213. - (SSRN) - (Hein)
  • “The Effects of Ownership and Stock Liquidity on the Timing of Repurchase Transactions” (with Amedeo de Cesari, Susanne Espenlaub & Arif Khurshed). Journal of Corporate Finance 18 (2012): 1023. - (SSRN) - (www)
  • “Leveraged Buyout Bankruptcies, the Problem of Hindsight Bias, and the Credit Default Swap Solution” (with Benjamin S. Kaminetzky). Columbia Business Law Review 2011 (2011): 118. - (SSRN) - (Hein)
  • “Paving the Way for the Next Financial Crisis.” Banking & Financial Services Policy Report 29 (2010): 1. - (SSRN) - (www)
  • “Credit Card Reform and Bankruptcy Reform.” Norton Bankruptcy Law Adviser 10 (2009): 1. - (SSRN)
  • “Secret Liens and the Financial Crisis of 2008.” American Bankruptcy Law Journal 83 (2009): 253. - (SSRN) - (Hein)
  • “The Effect BAPCPA on Credit Card Industry Profits and Prices.” American Bankruptcy Law Journal 83 (2009): 1. - (SSRN) - (Hein)
  • “The Effect of Mandatory Disclosure on Open Market Stock Repurchases.” Berkeley Business Law Journal 6 (2009): 96. - (Hein) - (SSRN)

FACULTY IN THE NEWS

The Washington Post
November 19, 2017
Re: Edward Kleinbard

Edward Kleinbard was quoted on why the GOP's tax reform bill may not encourage more investment by corporations. The bill features “a very top-heavy distribution,” said Kleinbard. The markets “are awash in capital today, and there’s not a sign of needing more investment.”

RECENT SCHOLARSHIP

Ariela Gross
September, 2017

"Does Colorblind Conservative Constitutionalism Have a Grassroots History?", Law and Social Inquiry.

Michael Simkovic
September, 2017

"Are Law Degrees as Valuable to Minorities?", International Review of Law & Economics.

Edward Kleinbard
September, 2017

Edward Kleinbard wrote an op-ed, "A Grand Bipartisan Bargain on Tax Reform: A Levy on Carbon Would Satisfy Democrats, While Republicans Would Get Far Lower Corporate Rates", posted to The Wall Street Journal on Sept. 24, 2017.