Harvard Law School Professor Lucian A. Bebchuk was inducted into the American Academy of Arts and Sciences during a ceremony at the Academy’s Cambridge, Mass. headquarters on Friday, October 14.

Bebchuk, who is the William J. Friedman and Alice Townsend Friedman Professor of Law, Economics and Finance, joined the Harvard faculty in 1986. He earned an LL.M. and an S.J.D. from Harvard Law School in 1980 and 1984 respectively and received both an M.A. and Ph.D in economics from Harvard’s economics department.

“One of the nation’s leading scholars of law and economics, he has made major contributions to the study of corporate control, governance and insolvency,” the induction citation states. “He has demonstrated an outstanding ability to combine rigorous analysis, important new insights and sensitivity to institutional elements. He has also been an influential mentor of young scholars in this area.”

Bebchuk joins 14 other Harvard Law School faculty members previously inducted into the American Academy of Arts and Sciences.