About USC Gould
USC Gould is a top-ranked law school with a 115-year history and reputation for academic excellence. We are located on the beautiful 228-acre USC University Park Campus, just south of downtown Los Angeles.
Learn about our rigorous and interdisciplinary curriculum, our invaluable experiential learning opportunities, and the breadth and depth of our specialized areas of concentration and certificate offerings.
- Student Life
Participate in an unparalleled learning experience with diversity of people and thought. Get involved in the law school community and participate in activities that enhance your studies.
We work closely with students, graduates and employers to support successful career goals and outcomes. Our overall placement rate is consistently strong, with 94 percent of our JD class employed within 10 months after graduation.
Our faculty is distinguished for its scholarship, as well as for its commitment to teaching. Our 12:1 student-to-faculty ratio creates an intimate and collegial learning environment.
- Alumni and Giving
Alumni and Giving
The global Trojan network of more than 10,000 law alumni and donors include recognized leaders in numerous fields who are deeply committed to supporting student and law school success.
Robert K. Rasmussen
- FACULTY DIRECTORY
- LECTURERS IN LAW DIRECTORY
- EXPERTS DIRECTORY
- FACULTY IN THE NEWS
- SCHOLARSHIP AND PUBLICATIONS
- DISTINCTIONS AND AWARDS
- + CENTERS
- CENTER FOR LAW AND PHILOSOPHY (CLP)
- CENTER FOR LAW AND SOCIAL SCIENCE (CLASS)
- CENTER FOR LAW, HISTORY AND CULTURE (CLHC)
- CENTER FOR TRANSNATIONAL LAW AND BUSINESS (CTLB)
- INITIATIVE AND REFERENDUM INSTITUTE (IRI)
- PACIFIC CENTER FOR HEALTH POLICY AND ETHICS
- SAKS INSTITUTE FOR MENTAL HEALTH LAW, POLICY, AND ETHICS
- WORKSHOPS AND CONFERENCES
Robert K. Rasmussen joined USC Gould School of Law in August 2007. Rasmussen's scholarly expertise is focused on the interaction of market forces and corporate reorganization law, and his most recent work addresses fundamental changes in corporate reorganization practice. He teaches Contracts and Realities of Commercial Lending. Rasmussen was named the J. Thomas McCarthy Trustee Chair in Law and Political Science in 2015.
Rasmussen, who served as dean from 2007 to 2015, earned his JD, cum laude, from the University of Chicago Law School, where he was comment editor of the University of Chicago Law Review, and his BA, magna cum laude, from Loyola University of Chicago. He clerked for the Honorable John C. Godbold, chief judge of the United States Court of Appeals for the 11th Circuit and worked in the Civil Division Appellate Staff at the U.S. Department of Justice, handling litigation in the U.S. Courts of Appeals and the Supreme Court before joining the Vanderbilt faculty. He also has been a visiting professor at the University of Chicago and University of Michigan law schools.
A widely cited scholar, Rasmussen is the author or co-author of dozens of articles published in some of the country's leading law journals, including the Supreme Court Review, the University of Pennsylvania Law Review, the Stanford Law Review, the Michigan Law Review and the Yale Law Journal. He has played a role in shaping the jurisprudence in his field as the principal author of an amicus curiae brief on behalf of nine law professors in the 1999 U.S. Supreme Court case Bank of America v. 203 North LaSalle Street Partnership; was the principal author of an amicus curiae brief on behalf of three law professors in Integrated Telecom Express, Inc., a 2004 case decided by the Third Circuit Court of Appeals; and was the principal author of an amicus curiae brief on behalf of seven law professors in Owens Corning, a 2005 case also decided by the Third Circuit Court of Appeals. He is a member of the American Law Institute.
- Bankruptcy Law Stories, editor (Foundation Press, 2007).
Articles and Book Chapters
- "End of Bankruptcy Revisited," in Research Handbook in Corporate Reorganizations (Barry Adler, ed.) (Edward Elgar Publishing Limited, forthcoming).
- “Governmental Intervention in an Economic Crisis” (with David Skeel). 19 University of Pennsylvania Journal of Business Law 7 (2016). - (SSRN) - (www) - (Hein)
- "Law Schools and the University," 66 Syracuse Law Journal 451 (2016) - (www)
- "Puerto Rico: Of Capital Structures, Control Rights and Liquidity," 11 Capital Markets Law Journal 228 (2016). - (SSRN) - (www)
- “Antibankruptcy,” (with Douglas G. Baird) 119 Yale Law Journal 648 (2010). - (Hein) - (SSRN)
- “International Commercial Law,” in Research Handbook in International Economic Law at p. 271 (Andrew T. Guzman and Alan O. Sykes, eds.) (Edward Elgar Publishing Limited, 2007).
- “The Story of Case v. Los Angeles Lumber Products: Old Equity Holders and the Reorganized Corporation,” in Bankruptcy Law Stories (Robert K. Rasmussen, ed.) (Foundation Press, 2007).
- “Sovereign Debt Restructuring, Odious Debt, and the Politics of Debt Relief,” 70 Law & Contemporary Problems 249 (Autumn 2007) (solicited for Symposium on Odious Debt). - (Hein) - (SSRN)
- “Where are All the Transnational Bankruptcies?: The Puzzling Case for Universalism,” 32 Brook Journal International Law 983 (2007) (solicited for Symposium on Bankruptcy in the Global Village). - (Hein) - (SSRN)
- “On the Scope of Managerial Discretion in Chapter 11,” 156 University of Pennsylvania Law Review. PENNumbra 77 (2007), reprinted in Executive Compensation: Corporate Legal Framework (L. Padmavathi, ed.) (Amicus Books, The Icfai University Press 2008-09). - (Hein) - (www)
- “Empirically Bankrupt,” 2007 Columbia Business Law Review 180. - (Hein) - (SSRN)
- “The Prime Directive,” (with Douglas G. Baird) 75 University of Cincinnati Law Review 921 (2007) (solicited for Cincinnati Law & Business Symposium). - (Hein) - (SSRN)
- “Creating a Calamity,” 68 Ohio State Law Journal 319 (2007) (solicited for Symposium on Commercial Calamities). - (Hein) - (SSRN)
- “Beyond Recidivism,” (with Douglas G. Baird) 54 Buffalo Law Review 343 (2006) (solicited for Symposium on Lynn LoPucki’s Courting Failure). - (Hein)
- “Private Debt and the Missing Lever of Corporate Governance,” (with Douglas G. Baird) 154 University of Pennsylvania Law Review 1209 (2006), reprinted in Corporate Insolvency: Creditor’s Protection (P. L. Jayanthi Reddy, ed.) (The Icfai University Press, 2010). - (Hein) - (SSRN)
- “The Search for Hercules: Residual Owners, Directors, and Corporate Governance in Chapter 11,” 82 Washington University Law Quarterly 1445 (2004) (solicited for the F. Hodge O’Neal Corporate and Securities Law Symposium). - (Hein)
- “Secured Credit, Control Rights and Real Options,” 25 Cardozo Law Review 1935 (2004) (solicited for the Symposium on Threats to Secured Lending). - (Hein) - (SSRN)
- “Integrating a Theory of the State into Sovereign Debt Restructuring,” 53 Emory Law Journal 1159 (2004) (solicited for the Symposium on Sovereign Financial Distress). - (Hein) - (SSRN)
- “Chapter 11 at Twilight,” (with Douglas G. Baird) 56 Stanford Law Review 673 (2003). - (Hein) - (SSRN)
- “The End of Bankruptcy," (with Douglas G. Baird) 55 Stanford Law Review 751 (2002). - (Hein) - (SSRN)
- “The Four (or Five) Easy Lessons of Enron,” (with Douglas G. Baird) 55 Vanderbilt Law Review 1787 (2002) (solicited for the Symposium on Convergence on Delaware: Corporate Bankruptcy and Corporate Governance). - (Hein) - (SSRN)
- “The Uneasy Case Against the Uniform Commercial Code,” 62 Louisiana State University Law Review 1097 (2002) (solicited for the Hawkland Symposium). - (Hein)
- “The Problem of Corporate Groups, A Comment on Professor Ziegel,” 7 Fordham Journal of Corporate & Financial Law 395 (2002) (solicited for the Symposium on Corporate Bankruptcy). - (Hein)
- “Control Rights, Priority Rights, and the Conceptual Foundations of Corporate Reorganization Law,” (with Douglas G. Baird) 87 Virginia Law Review 921 (2001). - (Hein) - (SSRN)
- “Whither the Race: A Comment on the Effects of the Delawarization of Corporate Reorganizations,” (with Randall S. Thomas) 54 Vanderbilt Law Review 283 (2001) (solicited by the Vanderbilt Law Review). - (Hein) - (SSRN)
- “Timing Matters: Promoting Forum Shopping by Insolvent Corporations,” (with Randall S. Thomas) 94 Northwestern Law Review 1357 (2000). - (Hein) - (SSRN)
- “Resolving Transnational Insolvencies Through Private Ordering,” 98 Michigan Law Review 2252 (2000). - (Hein) - (SSRN)
- “Lawyers, Law, and Contract Formation: Comments on Daniel Keating’s ‘Exploring the Battle of the Forms in Action’,” 98 Michigan Law Review 2748 (2000) (solicited for the Symposium on Empirical Research in Commercial Transactions). - (Hein) - (SSRN)
- “Boyd’s Legacy and Blackstone’s Ghost,” (with Douglas G. Baird) 1999 Supreme Court Review 393. - (Hein) - (SSRN)
- “Free Contracting in Bankruptcy at Home and Abroad,” in The Fall and Rise of Freedom of Contract (Francis Buckley, ed.) at p. 311 (Duke University Press, 1999).
- “Behavioral Economics, the Economic Analysis of Bankruptcy Law and the Pricing of Credit,” 51 Vanderbilt Law Review 1679 (1998) (solicited for the Symposium on The Legal Implications of Psychology: Human Behavior, Behavioral Economics, and the Law). - (Hein) - (SSRN)
- “A New Approach to Transnational Insolvencies,” 19 Michigan Journal of International Law 1 (1997). - (Hein) - (SSRN)
- “Skewing the Results: The Role of Lawyers in Transmitting Legal Rules,” (with Donald C. Langevoort) 5 Southern California Interdisciplinary Law Journal 375 (1997). - (Hein)
- “Why Linguistics?,” 73 Washington University Law Quarterly 1047 (1995) (solicited for the Symposium on Law and Linguistics). - (Hein)
- “The Economic Analysis of Corporate Bankruptcy Law,” (with David A. Skeel, Jr.) 3 American Bankruptcy Law Institute Law Review 85 (1995) (solicited for the ABI Bankruptcy Reform Study Project). - (Hein)
- “The Ex Ante Effects of Bankruptcy Reform on Investment Incentives,” 72 Washington University Law Quarterly 1159 (1994) (solicited for the Interdisciplinary Conference on Bankruptcy and Insolvency Theory), reprinted in Financial Distress and Bankruptcy: Economic Issues (Michelle White, ed.) (Nerenius & Santerus, 1997). - (Hein)
- “An Essay on Optimal Bankruptcy Rules and Social Justice,” 1994 Illinois Law Review 1. - (Hein)
- “A Study of the Costs and Benefits of Textualism: The Supreme Court’s Bankruptcy Cases,” 71 Washington University Law Quarterly 535 (1993). - (Hein)
- “Debtor’s Choice: A Menu Approach to Corporate Bankruptcy,” 71 Texas Law Review 51 (1992), excerpted in Corporate Bankruptcy: Economic and Legal Perspectives (J. S. Bhandari and L. A. Weiss, eds.) (Cambridge, 1996). - (Hein)
- “Coalition Formation and the Presumption of Reviewability: A Response to Rodriguez,” 45 Vanderbilt Law Review 779 (1992) (solicited for the Symposium on A Reevaluation of the Canons of Statutory Interpretation). - (Hein)
- “The Efficiency of Chapter 11,” 8 Bankruptcy Developments Law Journal 319 (1991) (solicited by the Bankruptcy Development Law Journal). - (Hein)
- “Bankruptcy and the Administrative State,” 42 Hastings Law Journal 1567 (1991). - (Hein)
- “Introductory Remarks and a Comment on Civil RICO’s Remedial Provisions,” 43 Vanderbilt Law Review 623 (1990) (solicited for the Symposium on RICO). - (Hein)
- “Guarantees and Section 548(a)(2) of the Bankruptcy Code,” 52 University of Chicago Law Review 194 (1985). - (Hein)
FACULTY IN THE NEWS
Edward McCaffery was interviewed about President Trump's tax troubles. "I think we can see, after the devastating blow of the Mueller non-report report, lots of us, progressives were waiting for a smoking gun," McCaffery explained. "They didn’t get the smoking gun and they got depressed, but a day like today shows that maybe there’s wisdom behind Pelosi’s strategy, but we might be seeing death by a thousand pellet guns."
Thomas D. Lyon
"Order of Encoding Predicts Young Children's Emergent Sequencing Abilities and Biases," Experimental Methods in Legal Scholarship Conference, ETH Zurich, Switzerland.
“Legal Origin from Outer Space,” Keynote Speaker, QuantLaw Conference, University of Arizona Law School, Tucson, AZ.
“Invisible Hands and Dirty Hands: Accommodating Complicity in Early Modern Economic Thought,” USC-Huntington Early Modern Studies Institute, Martens Economic History Forum, Natural Law and Economic Thought, San Marino, CA.