Jerald David August Honored by the American Law Institute for Achieving the Status as a “Life and Sustaining Member”May 20, 2016 – In The News
Jerald David August was honored at the 93rd Annual Meeting of the American Law Institute, held this week in Washington, D.C., for his achieving the status as a “Life and Sustaining Member” of the Institute for 25 years of service. Two of the featured speakers at this year’s Annual Meeting were Supreme Court Judges Sonia Sotomayor and John Paul Stevens (Retired).
Membership in The American Law Institute is a distinct professional honor, and the number that may be elected is limited to 3,000 (not including life, honorary, and ex-officio members). ALI membership consists of eminent judges, lawyers, and law professors from all areas of the United States and from many foreign countries, selected on the basis of professional achievement and demonstrated interest in improving the law.
The American Law Institute was founded in 1923 following a study conducted by a group of prominent American judges, lawyers, and teachers known as "The Committee on the Establishment of a Permanent Organization for the Improvement of the Law. The Institute also engages in intensive examination and analysis of legal areas thought to need reform. This type of study generally culminates in extensive recommendations for change in the law and usually is published as Principles of the Law. These projects have dealt with topics such as Reforms to the Corporate Tax and Partnership Tax Rules, the Law of Trusts, Multi-party Litigation, Corporate Governance, Family Dissolution, International Rules of Civil Procedure, Intellectual Property, as well as a proposed revision of portions of the Federal Judicial Code. Over his 25 years as a Member of the ALI, Mr. August has participated in the ALI’s Restatements of Corporate Taxation, Partnership Taxations, Trusts and Wills. He also frequently chairs and speaks at national conferences in federal taxation for the American Law Institute, Division of Continuing Legal Education.