Studying flavor-changing processes involving charm and bottom quarks is a powerful way of searching for new physics. Most of these efforts have focused on D and B mesons, but charm and bottom baryons are now playing an increasingly important role. Measurements of Lambda_b decays at the Large Hadron Collider can shed new light on "anomalies" observed in mesonic b decays, including the V_{ub} puzzle and the recent hints for physics beyond the Standard Model in b -> s l l and b -> c tau nu transitions. In this talk, I will review lattice QCD calculations of the form factors describing weak decays of Lambda_b baryons, and discuss the phenomenological implications. I will also present lattice QCD results for the charm-baryon semileptonic decays Lambda_c -> Lambda l nu, whose branching fractions have recently been measured precisely by the BESIII collaboration.