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Francis Stephen


  • Emeritus Professor, Law
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Personal profile


Frank was Professor of Regulation in the School of Law from 2005 until 2014.  From 2007 till 2011 he was Head of the School of Law.  Prior to coming to Manchester Frank was a Professor of Economics at the University of Strathclyde. In 2010 he was President of the International Society for New Institutional Economics (ISNIE). 
During 2006 Frank was a Special Adviser to the Joint Committee of the House of Lords and the House of Commons on the Legal Services Bill.  In 2010 he was Special Adviser to the Justice Committee of the Scottish Parliament for its scrutiny of the Legal Services (Scotland) Act 2010.
He has represented the University of Manchester as a partner in the EU Commission funded China-EU School of Law in Beijing.  

Research interests

Frank's current research interests are on the interface between economics and the law with two main areas:

  •     Competition and regulation in professional service markets
  •     Law and development

His research has been funded by ESRC, Leverhulme Trust, European Commission (PHARE), Scottish Office, Office of Fair Trading, Law Society of Scotland, Scottish Executive Justice Department, Scottish Legal Complaints Commission, Nuffield Foundation, Scottish Government Health Directorate and Swiss Federal Economic Secretariat (SECO).
Current Research Projects:
Continuing research on the regulation of the legal profession in the light of recent regulatory change in England & Wales Scotland.  His book entitled Lawyers, Markets and Regulation was published in 2013 by Edward Elgar Publishing.  This monograph analyses the deregulation of legal service markets in the UK and Europe over the last 25 years.  It also considers the future organisation of providers of legal services in England & Wales arising from implementation of the Legal Services Act 2007.  A paperback edition was published in 2015.

His book Law and Development: An institutional critique  was published by Edward Elgar Publishing on  26th January 2018. 

Frank edited with Franklin Ngwu and Onyeka Osuji a volume,Corporate Governance in Developing and Emerging Markets published by Routledge in December 2016.

Frank is currently a Visiting Fellow at the Centre for Business Research, Judge Business School, University of Cambridge working on the project Informal Finance in China: Risks, Potential and Transformation.


Further information


Not generally available to the media.

Expertise related to UN Sustainable Development Goals

In 2015, UN member states agreed to 17 global Sustainable Development Goals (SDGs) to end poverty, protect the planet and ensure prosperity for all. This person’s work contributes towards the following SDG(s):

  • SDG 5 - Gender Equality
  • SDG 8 - Decent Work and Economic Growth
  • SDG 16 - Peace, Justice and Strong Institutions

External positions

Visiting Fellow, University of Cambridge

1 Apr 201730 Jun 2018


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