The oxidation of aqueous phenol through the catalytic action of laccase from Trametes versicolor was studied over a wide range of phenol concentrations and enzyme activities. The stoichiometric ratio, which is defined as the molar ratio of phenol transformed to oxygen consumed in the catalytic reaction, was found to increase with phenol concentration in the reaction mixture from a theoretical lower limit of 1 and to approach a theoretical upper limit of 4. A logistic equation was proposed to relate reaction stoichiometry to substrate concentration and was successfully used to relate these parameters over a range of phenol concentrations extending from approximately 0.15 to 8 mM. This expression was incorporated into two kinetic models in order to account for variations in reaction stoichiometry during the reaction and to extend the range over which the models may be accurately applied. The new models demonstrated an improved ability to predict concentrations of phenol and oxygen over time in a closed batch reaction system.