Mitu Gulati is a scholar who writes in several fields, including contract law, sovereign debt, judicial behavior, law firm dynamics, and the study of race and gender disparities. His work uses a range of research techniques (qualitative, quantitative and historical). Gulati’s work on contract law asks the fundamental question of whether the terms of contracts among sophisticated parties come anywhere close to the model of fully informed and sophisticated contract drafting that judges and lawyers often assume exists. In particular, he has extensively studied the topic of “contract stickiness,” where contract terms continue to be used from contract to contract even when they are not the terms the parties would choose if starting from scratch. Gulati has addressed complex and technical issues regarding the sovereign debt pricing and restructuring, as well as questions concerning whether countries should pay for the debts of former despotic leaders after the despots have been overthrown. His work in this area with Lee Buchheit has on occasion been relevant in the design of recent sovereign debt restructurings, including Ecuador, Uruguay, and Barbados. A third area asks how the relative performances of judges can be measured and ranked, so as to possibly improve judicial promotion processes. Fourth, Gulati has also long been interested in h theoretical and empirical analyses of race and gender disparities in the legal workplace, including questioning standard assumptions about the causes of the gender and racial gaps in employment.
Professor of Law