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Burand, Deborah

Clinical Assistant Professor of Law
International Transactions Clinic

3120 South Hall
734.763.9331
E-mail dburand@umich.edu

Deborah Burand is a clinical assistant professor of law. She directs the International Transactions Clinic that she cofounded at the Law School in 2008. She also teaches in the area of impact investment lawyering. Prof. Burand writes and lectures on issues related to international finance, microfinance and microfranchise, impact investing, social finance innovations such as social impact bonds and crowdfunding for social enterprise, and developing sustainable businesses at the base of the economic pyramid.

Prof. Burand took a leave of absence from the Law School in 2010-2011 to serve as general counsel to the Overseas Private Investment Corporation, the development finance institution of the United States.

Prior to joining the Law School faculty, Prof. Burand worked in the microfinance sector, most recently as executive vice president of strategic services at Grameen Foundation, a global microfinance network. Earlier in her career, she worked as a senior attorney in the international banking section of the Federal Reserve Board's legal division, and at the U.S. Treasury Department, first as the senior attorney/advisor for international monetary matters and later as the senior advisor for international financial matters. She also worked in private practice at Shearman & Sterling where, among other things, she advised bank advisory committees in the negotiation and implementation of Brady Bond deals that restructured the sovereign debt of Vietnam and Peru, and she supported, on a pro bono basis, the development of the world's first debt-for-nature swap.

Prof. Burand is a member of the faculty of The Boulder Microfinance Training Institute (Turin, Italy) where she teaches courses on managing strategic partnerships between microfinance institutions and for-profit corporations, and securing debt and equity finance for microfinance institutions. She is an independent director on the board of MicroBuild (a proof of concept fund launched by Habitat for Humanity International that is aimed at growing the housing microfinance sector while expanding decent housing for the poor).

Prof. Burand has been a consultant to the Bill and Melinda Gates Foundation, Omidyar Network, and Consultative Group to Assist the Poor (CGAP), among others. She also was the co-topic leader on finance for the 2009 Clinton Global Initiative. In 1993-1994, she was an International Affairs Fellow of the Council on Foreign Relations (during which she was seconded to the IMF and EBRD), and is currently a member of the Council. She is a member of the bars of New York and the District of Columbia. She earned her BA, cum laude, from Depauw University and a joint graduate degree, JD/MSFS with honors, from Georgetown University.

Recent Publications


​"Globalizing Social Finance: How Social Impact Bonds and Social Impact Performance Guarantees can Scale Development." N. Y. U. J. L. & Bus. 9 (2013): 447-502.

"Beyond Microfinance: Creating Opportunities for Women at the Base of the Pyramid." Int'l Trade Forum 2 (2012).
Full Text: WWW

co-author. "Teaching Transactional Skills and Law in an International Context." K. Yelpaala and P. Linzer, co-authors. Tenn. J. Bus. L. 12, no. 3 (2011): 275-98.
Full Text: HEIN (UMich users) | HEIN | WWW

"A Vision for Scaling Microfinance: More Than Dollars and Smarts." In Financial Inclusion, Innovation, and Investments: Biotechnology and Capital Markets Working for the Poor, edited by R. D. Christy and V. L. Bogan, 57-72. Singapore: World Scientific, 2011.

"Women as Leaders in International Microfinance." In Gender and Women's Leadership: A Reference Handbook, edited by K. O'Connor, vol. 1, 435-42. Thousand Oaks, Calif: Sage, 2010.

Co-author. "Microfranchising: A Business Approach to Fighting Poverty." D. Koch, co-author. Franchise L. J. 30, no. 1 (2010): 24-34.
Full Text: ProQuest (UMich users) | ProQuest

"Launch of an International Transactions Clinic: Doing Good While Doing Deals." International Bar Association, (2010).
Full Text: WWW

"Doing Good While Doing Deals: Early Lesson in Launching an International Transactions Clinic." Mich. Int'l Law. 22, no. 1 (2010): 12-5

"Microfinance Managers Consider Online Funding: Is It Finance, Marketing, or Something Else Entirely?" CGAP Focus Note 54: 1-12. 2009.
Full Text: WWW

"Deleveraging Microfinance: Principles for Managing Voluntary Debt Workouts of Microfinance Institutions." J. L. & Com. 27, no. 1 (2009): 193-207.
Full Text: HEIN (UMich users) | HEIN
Professor

Activities

Presenter and moderator, "Social Impact Bonds" and "Government, Banks, and Agencies," Exploring Social Funding Methods, 2013 Social Innovation Summit, University of Michigan, Oct. 11, 2013.

Presented as a panelist on "When the Client Invests in Risky Places: Protection of Foreign Direct Investment," ABA Premier Speaker Series, Aug. 19, 2013.

Faculty member, "Building and Managing Effective Strategic Partnerships," Boulder Institute of Microfinance, Turin, Italy, July 29–Aug. 2, 2013.

Presented "The Role of Self-Regulation in Crowdfunding Social Enterprise" on a panel of legal scholars at the Leeds School of Business, University of Colorado–Boulder's Conference on Crowdfunding and Its Implications for the Entrepreneurial Ecosystem: Setting the Research Agenda, Boulder, Colorado, July 13, 2013.

Participated in a White House convening on "Advancing the Practice of Pay for Success," co-sponsored by the Rockefeller Foundation, Washington, D.C., July 8, 2013.

Served on a panel, "Community Economic Development 101," at the ABA's Forum on Affordable Housing and Community Development Law, Washington D.C., May 23, 2013.

Co-presented "Serving the Economy through Collaborative Impact: Case Study of Three-Clinic Collaboration in Representing a Global Leader in Social Entrepreneurship," 12th Annual Transactional Clinical Conference, Austin, Texas, April 6, 2013.

Presented "What Former Students are Teaching Me: Post-Graduation Evaluations of a Transactional Clinic" at the Emory Law Conference on "Transactional Education: Preparing the Transactional Lawyer from Doctrine to Practice," November 2012.

Spoke on "The Rise of Social Impact Bonds" during a webcast sponsored by the Council of Development Finance Agencies, October 2012.

Participated in a panel discussion on "The EU Sovereign Debt Crisis: Do Lessons of the Past Offer Today's Solutions?" at the ABA International Law Section's Fall meeting, Miami, Florida, October 2012.

Moderated a panel discussion on "Impact Investing: Legal Developments That Are Shaping Impact Investing Strategies" at the 23rd Annual Conference of Sustainable, Responsible, Impact Investing (SRI), October 2012.

Faculty member, "Managing Debt Finance," Boulder Institute of Microfinance, Turin, Italy, July 30–August 3, 2012.

Co-Presenter, "Building Houses while Building Lawyers: Case Study of MicroBuild," Entering the Mainstream: Clinic for All?, sponsored by the International Journal of Clinical Legal Education, Durham, UK, July 11-13, 2012.

Participant, Indicators in Global Governance: Legal Dimensions, 8th Viterbo GAL Seminar, Rome, Italy, June 14-15, 2012.

Presenter, "Representing Clients Across Borders," Transactional Clinical Conference, Los Angeles, California, April 29, 2012.

Panelist, "Exploring Opportunities for Working with Private Investors to Implement the IFAD Governing Council Directive on Alternative Resource Mobilization," Mobilizing Resources for IFAD Programmes: Alternative Resources and Innovative Modalities, sponsored by the International Fund for Agricultural Development (IFAD), Rome, Italy, June 12-13, 2012.

Panelist, "NYU Series on Impact Investing: Legal and Policy Issues," New York City, April 9, 2012.

 
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