In its annual meeting this month, the American Law and Economics Association elected Harvard Law School Professor Lucian Bebchuk, LL.M. ’80 and S.J.D. ’84 as its president. In accordance with the association’s traditions, Bebchuk delivered a presidential address at the meeting.

“I am honored by the association’s choice,” said Bebchuk in his speech. “I look forward to serving the association as its president over the next year.”

Bebchuk is the William J. Friedman and Alicia Townsend Friedman Professor of Law, Economics, and Finance and is director of HLS’s Corporate Governance Program. He has done extensive work in the field of law and economics, applying economics and finance to issues in corporate law, bankruptcy, contracts, and litigation.

The American Law and Economics Association is a professional organization of academics from law schools, economics departments, and business schools, as well as non-academics with an interest in law and economics.

Bebchuk will be the second HLS faculty member to serve as president. HLS Professor Steven Shavell, director of the John M. Olin Center for Law, Economics and Business, was elected to the the position in 2001.