The Institute of Law & Economics (ILE) began with the recognition of the need to bridge the intellectual gap between the legal and economic professions. In 1998, activities to bridge this gap started with the provision of tutorial guidance for students doing the LLB degree by distance learning with the University of London and the University of Wolverhampton. Formally registered in 1999, ILE soon became agents for Holborn College, the UK’s oldest and most established independent college.

Activities to further bridge the law/economics intellectual gap led to the organisation of the ILE Forum where research, dialogue and publication of critical thought on legal, economic and other social issues are fostered and enhanced. In 2001, the ILE embarked on a new challenge when it became the local agent for Turner Broadcasting System Latin America Inc. ILE has also engaged in a number of research activities and public education activities, particularly in trade.

The primary development focus of the ILE is education and training, in particular legal and business education and training. The ILE has also provided business support services for The MSME Alliance, a network of 36 Business Associations and other organizations representing the MSME sector.