Heavy Baryons - Status and Overview (Theory)

We review recent progress in the understanding of the physics of heavy baryons. We begin our review by presenting some highlights of recent experimental findings on charm and bottom baryons and briefly comment on their theoretical implications. On the theoretical side we review new results on the renormalization of HQET, on the Isgur-Wise function for $\Lambda_b \to \Lambda_c$ transitions and on the flavour-conserving one-pion transitions between heavy baryons.