Under a new joint program initiated at Stanford last fall, students are able to earn both an LL.B. and a Master of Business Administration degree in four years. Students in the join program must be admitted to both schools in good standing. They take the full first-year curriculum of both schools. In the second and third years, courses are taken from the elective curricula of both schools. Over 80 per cent of the work normally required for each degree is taken. To complete the two degrees in sequence would require five years of course work. The program is designed to give graduates who enter law practice a clearer understanding of business problems and to give those who enter the business field a better understanding of the legal environment in which the business world operates.