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 interdisciplinary curriculum, experiential learning opportunities and specialized areas.
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.
- FACULTY DIRECTORY
- LECTURERS IN LAW DIRECTORY
- EXPERTS DIRECTORY
- FACULTY IN THE NEWS
- SCHOLARSHIP AND PUBLICATIONS
- DISTINCTIONS AND AWARDS
- + CENTERS AND INITIATIVES
- 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
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 Review, The 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. Simkovic has testified before the U.S. House Judiciary Committee and has served as an expert on consumer and corporate finance issues.
Prior to joining the USC Gould faculty, Simkovic 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 Times, Washington Post, Los Angeles Times, Bloomberg, The Atlantic, and USA Today. He has appeared on CBS and Marketplace Weekend.
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, Columbia, Berkeley, Northwestern, University of Virginia, UCLA, and USC.
Simkovic earned his JD at Harvard Law School, where he was an Olin Fellow in Law and Economics.
Works in Progress
- Measuring Regulation - (SSRN)
Articles and Book Chapters
- "Mutual Funds that Borrow,"(with A. Joseph Warburton) Journal of Empirical Legal Studies 16 (2019): __ . - (SSRN)
- "Bounties for Errors: Market Testing Contracts," (with Robert K. Rasmussen) 10 Harvard Business Law Review 10 (2019): __. - (SSRN)
- "Making Fraudulent Transfer Law More Predictable," forthcoming in Handbook on Corporate Bankcruptcy, Barry Adler, ed. (Edward Elgar 2019). - (SSRN)
- "Value of a Law Degree by College Major," (with Frank McIntyre) forthcoming, Journal of Legal Education (2019). - (SSRN)
- "Limited Liability and the Known Unknown," Duke Law Journal 68 (2018): 275. - (SSRN) - (Hein)
- "Are Law Degrees as Valuable to Minorities?" (with Frank McIntyre). International Review of Law and Economics 53 (2018): 23. - (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 7 (2017): 123. - (SSRN) - (Hein)
- “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
Edward McCaffery wrote an op-ed suggesting that President Trump's tax avoidance, which was recently uncovered by The New York Times, tells a greater story of debt and desperation. "For the whole time he has been living rent free in the White House, Trump has been a desperate man, facing massive debts and looking for someone else to pay them off," he wrote.
"Lessons from Luckin Coffee: The Underappreciated Risks of Variable Interest Entities," Columbia Law School Blue Sky Blog, July 28, 2020.
"Big is not necessarily bad," The Hill, July 30, 2020.
“The Death of the Income Tax (or, The Rise of America's Universal Wage Tax),” Indiana Law Journal 95 (2020): 1233.