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Consider the (simplified) Leslie-Erickson model for the flow of nematic liquid crystals in a bounded domain for n > 1$. This article develops a complete dynamic theory for these equations, analyzing the system as a quasilinear parabolic evolution equation in an -setting. First, the existence of a unique local strong solution is proved. This solution extends to a global strong solution, provided the initial data are close to an equilibrium or the solution is eventually bounded in the natural norm of the underlying state space. In this case the solution converges exponentially to an equilibrium. Moreover, the solution is shown to be real analytic, jointly in time and space.

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