ALSB History

“The [business law] training there obtained by the business student ought to be reflected by the asset side of the balance sheet of the business with which in later years he will be associated. The ultimate gain in such study ought to enable the future business man to avoid a good deal of unnecessary litigation. It ought also to equip him with the means of making an intelligent selection of legal devices as his business problems arise….”

–1924, Professor William E. Britton, Indiana University

Much has changed since the founding of the association in 1924, most notably the expansion of its membership to include all of society, beyond a presumptively male professorate. We celebrate our evolved inclusiveness and seek continued improvement in the discipline. We also note that the 1924 description of business law knowledge as a tangible asset has enduring relevance. As the ALSB Core Values state, “Law and ethical behavior are foundational to civilized society. Legal studies, an inclusive term that encompasses the diverse ways that law and ethics shape the global environment of business, is an integral part of business education and informs effective and responsible business decisions and managerial behavior.” While it is impossible to condense 100 years of history without omitting some important events, the following Historical Highlights illustrate how far we have come as an academic organization, and necessarily inform our trajectory as we begin our second century. A detailed history of the ALSB can be found on our primary website, “About the ALSB.”

ALSB Historical Timeline

1914
Committee formed to investigate association of business law faculty.
1916
American Association of Collegiate Schools of Business founded.
1922
Business law faculty meet at the Association of American Law Schools (AALS).
1923
Survey of business schools shows an average of two semesters of business law in the curriculum.
1924
Meeting at the American Association of Law Schools, LaSalle Hotel in Chicago, resolution passed;

“That the instructors in Law in Collegiate Schools of Business form and they hereby do form an association to be known as Association of Instructors of Law in Collegiate Schools of Business with the general object of advancing the study and teaching of Business Law and promoting good fellowship among teachers engaged in teaching Business Law.”

1926
Name changed to Association of Teachers of Law in Collegiate Schools of Business.
1928
Association meets separately from the AALS for the first time.
1936
Name changed to the American Business Law Association (ABLA).
1940
Co-sponsored by The American Finance Association, Law and Business publication announced. Due to the small number of members in each association, the 1941 publication date did not materialize.
1941
ABLA adopts its first Constitution and Bylaws, establishing Executive Committee governance.
1942-1946
No meetings held during the World War II period.
1952
ABLA sends a Liaison to the Council for Professional Education for Business, establishing the first link to the association precursor to the AACSB. The AACSB Liaison of today is a member of the Executive Committee of the ALSB.
1955
The Bulletin of the American Business Law Association begins publication of scholarly work.
1959
Gordon & Howell Higher Education Report calls for a broader approach in business education, including a
focus on the “legal framework of business” rather than “business law.”
1960
The Bulletin of the American Business Law Association transitions to regular printing.
1962
The House of Delegates is established in the governance structure of the ABLA.
1963
American Business Law Journal is first published, transitioning from the Bulletin to a full-fledged scholarly publication.
1967
Liaison to the AICPA is established.
1983
Journal of Legal Studies Education is established, focusing on publication of pedagogical scholarship.
1990
AACSB uses the “legal environment of business” terminology and describes study of “legal and regulatory” content in the curriculum.
1991
The first ALSB Section, the Ethics Section, was recognized. Additional sections soon followed, establishing
communities of interest.






1991
The name of the association changes (D/B/A) to the Academy of Legal Studies in Business.​
1993
First Master-Teacher seminar and competition held.

In the Charles M. Hewitt Master Teacher Competition, the ALSB highlights the best classroom teaching, particularly the incorporation of new or evolving course subject matter, cultural contexts, pedagogy, and technology. The goal is deeper engagement of students in the learning process and of faculty in their guild.

1995
Strategic Plan adopted.
2010
Mentorship Program created, matching members with other Academy members to mentor teaching and research excellence.
2011
ALSB adopts a new Strategic Plan, communicating its Mission:

The Academy of Legal Studies in Business advances legal studies in business education and is the professional home for legal studies researchers and educators, fostering collegial relationships and productive collaboration with researchers, educators, and organizations throughout the world. The Academy promotes knowledge of law, ethical behaviors, and an appreciation for justice, in research and teaching, so that students better understand the world in which businesses operate and so that business leaders may better understand their relationship with society and the impact of their decisions.

2019-2021
Meetings held remotely due to the coronavirus pandemic.
2021
Executive Committee appoints a Blue-Ribbon Committee asked to produce a “White Paper on the Next Century of the Academy of Legal Studies in Business.”
2022
ALSB meets in person for its Annual Conference, in Louisville, KY, for the first time since the pandemic.
2024
CENTENNIAL CELEBRATION!