Margaret Blair is an economist who focuses on management law. Her current research focuses on four areas: team production and the legal structure of business organizations, legal issues in the governance of supply chains, the role of private sector governance arrangements in contract enforcement, and the problem of excessive leverage in financial markets. Professor Blair was appointed to the Milton Underwood Chair in Free Enterprise in fall 2010. She joined Vanderbilt's law faculty in 2004 as part of the team supporting the Law and Business Program. Before joining Vanderbilt's law faculty, Professor Blair taught at Georgetown University Law Center, where she became a visiting professor in 1996 and served as a Sloan Visiting Professor, teaching Corporations and Corporate Finance, and as research director for the Sloan-GULC Project on Business Institutions, from 2000 through June 2004.
She has also been a senior fellow in the Economic Studies Program at the Brookings Institution, where she wrote about corporate governance and the role of human capital in corporations. She served on the board of directors of Sonic Corp. from 2001-06 and currently serves on the board of WRAP (Worldwide Responsible Apparel Production