The Business Law of ML in Law is an on-campus program and was first established in 2003. Admission requirements are final examination from level 2 or equivalent. First class grade is usually required in evaluating applications. The scope of the final project will be 30 credits. The program is taught only in Icelandic and is applied mainly to the Icleandic jury system. Bifröst University was the first university in Iceland to start teaching law outside of University of Iceland which had monopoly until 2004 protected by law in Iceland. The first person who received a law degree outside of the Univeristy of Iceland and was appointed a judge, graduated with ML in law from Bifrost University.
Bifrost University has been an active partner in Law Without Walls from 2013. The project is a part-virtual collaboratory that aims for students to develop the skills necessary to provide effective legal services in today’s marketplace. LawWithoutWalls teams up students from several law and business schools around the world with academic, lawyer, and entrepreneur mentors to develop business plans that tackle the main problems facing legal education and practice today. It centers on the intersection of law, business, technology, and innovation. It is designed to embrace and meet the challenges of the economic pressures, technological advances, and globalization that have reshaped the legal market.