Baxt was a partner of the Australian commercial law firm
Freehills. He initially joined Freehills as a solicitor in 1965 before entering academia. From 1980 to 1988, he was dean of the
Monash University Faculty of Law. From 1991 to 2004, he was a partner at
Allens Arthur Robinson. He rejoined Freehills in January 2005 and became an emeritus partner. Baxt was involved in a number of Australian legal publications. He was the founder and then general editor of the
Company and Securities Law Journal as well as the
Australian Business Law Review. He was also editor of the monthly newsletter on corporate regulation,
The Baxt Report. In his time as an academic, he was also an editor of the
Monash University Law Review. ==Honours==