Professor Mark F. Grady specializes in law and economics and teaches Torts, Antitrust, and Intellectual Property at the UCLA School of Law. He holds an A.B. in Economics (1970) and a J.D. (1973), both from UCLA. He also held postdoctoral fellowships in law and economics at the University of Chicago Law School (1977) and the Yale Law School (1982). After working for the Federal Trade Commission and the United States Senate, Professor Grady began his academic career at the University of Iowa School of Law. In 1985, Northwestern University appointed him Professor of Law, and he moved to Chicago, Illinois. In the spring of 1990, Grady became the first John M. Olin Visiting Professor of Law and Economics at Duke Law School in Durham, North Carolina. In 1992, he returned to UCLA to become Professor of Law there.

Five years later, he took leave from UCLA to move to Arlington, Virginia, to become the third dean of the George Mason University School of Law, University Professor of Law, Chairman of the Law and Economics Center, and Principal Investigator of the law school's federally funded Critical Infrastructure Protection Project, which he founded. Under Grady's leadership, GMU moved from an overall ranking of 75th in the nation to 38th, becoming the youngest law school in the first tier and the fastest rising law school in the history of U.S. law school rankings. Also during Grady's tenure as dean, GMU moved from 167th (out of 174 American law schools) to 35th in terms of the funds it was able to invest in each of its students. Grady returned to UCLA in 2004 to become Professor of Law and Director of the law school's new Center for Law and Economics. Grady is a founding trustee of the American Law and Economics Association and the author of numerous books and articles on torts, intellectual property, antitrust, law and economics, and law and biology. He has served as a consultant to President Ronald Reagan, presented policy papers at President William J. Clinton's White House, lectured to United States federal judges, given seminars to Congressional staff members, spoken to House leaders from the floor of the U.S. House of Representatives, and testified to Congressional committees.