Stephan M. Ray is of counsel to the law firm of Owens & Gach Ray in Los Angeles. He was admitted to the Bar in California in 1979.

Ray attended UC Berkeley and UCLA where he received his BA in 1976. Ray graduated summa cum laude and was elected a member of Phi Beta Kappa. Ray then attended Stanford Law School, where he received his JD in 1979. While at Stanford Law School, Ray was a member and associate editor of the Stanford Law Review (1977-1979) and served as an extern to the Honorable Stanley Mosk, Associate Justice of the California Supreme Court (1978).

Ray is a Lecturer at both USC Gould School of Law (1989 – present) and at Stanford Law School (2002-2003 and 2006 – present). At USC Gould School of Law, Ray currently teaches Negotiation Skills (2016 – present), and he previously taught Corporate Reorganization (1989-2015). Ray currently teaches Corporate Reorganization at Stanford Law School.

Ray has served in several local and state Bar positions, including on the Executive Committee of the Business Law Section of the State Bar of California. He has also been listed in “The Best Lawyers in America,” “Best Bankruptcy Lawyers in America,” and “California Super Lawyers.” Ray has been selected as a Fellow of the American College of Bankruptcy.