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The Faculty of Law is one the professional schools at the University of Otago. Otago is New Zealand's oldest law school, lectures in law having begun in 1873. The Faculty of Law is currently located in the Richardson Building at Otago's main campus in the city of Dunedin.The Faculty of Law awards the degrees of Bachelor of Laws (LL.B.), Master of Laws (LL.M.), and Doctor of Philosophy (Ph.D.). A Bachelor of Laws Honours program also exists and is reserved for approximately the top 10% of LL.B. students. In 2007, the Law Faculty had approximately 800 equivalent full-time students. Approximately 200 students are in each of second, third, and fourth-year law, and over 700 students are enrolled in the first-year LAWS 101 course, which is a prerequisite to being admitted into full-time legal studies as a second year law student. Approximately 60% of the law students are female.