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Overseeing the daily operations of the guild is the purview of the Izmundi, a board of directors that assembles teams from among the rank and file of the Izzet League to carry out research according to Niv-Mizzet's directions and vision. The Izmagnus is a smaller board within the Izmundi with only five to seven members (some members keep their identities a secret) who serve as the dracogenius's closest advisors. One known member of the Izmagnus is a Goblin by the name of Mizzix. Starting at the bottom as an attendant, Mizzix quickly earned herself a place at her own magical forge with a squadron of attendants. Through a combination of natural talent, calculated political moves, and fortunate accidents, Mizzix has gradually risen from attendant, to research lead, to a spot on the Izmundi and eventually the Izmagnus.

The Izzet League is organized into units designated as Laboratories that specialize in certain fields of research. Though they all operate under the general guidance of the Izmundi, each laboratory is typically left alone to conduct its research. New fields of study emerge all the time, but the more established laboratories - each populated by hundreds of mages and their attendants

Izzet Laboratories function in a constant state of high energy that propels researchers from one experiment to the next. Some grand-scale experiments draw on the research of an entire lab, while others are a lone visionary's labor of love. When commissioned by the Izmagnus or the Firemind himself, special research teams consisting of members from many different Izzet laboratories are formed, usually to take on specialty projects of great importance.