The leading Isgur-Wise form factor xi (y) parametrizing the semileptonic tr
ansitions Lambda (b) --> Lambda (1/2)(cl)l<(<nu>)over bar> and Lambdab -->
Lambda (3/2)(cl)l<(<nu>)over bar> is calculated by using the QCD sum rules
in the framework of heavy quark effective theory, where Lambda (1/2)(cl) an
d Lambda (3/2)(cl) is the orbitaIly excited charmed baryon doublet with J(P
) = (1(-)/2, 3(-)/2). The interpolating currents with transverse covariant
derivative are adopted for Lambda (1/2)(cl) and Lambda (3/2)(cl) in the ana
lysis. The slope parameter rho (2) in linear approximation of the Isgur-Wis
e function is obtained to be rho (2) = 2.01, and the interception to be xi
(1) = 0.29. The decay branching ratios are estimated. (C) 2001 Published by
Elsevier Science B.V.