Until Bingham spoke, “the rule of law” meant pretty much what Dicey had said it meant in 1885. Bingham’s definition of that much-used term is now entirely authoritative and will probably remain so for the next 120 years or more. In summary, it is “that all persons and authorities within the state, whether public or private, should be bound by and entitled to the benefit of laws publicly made, taking effect (generally) in the future and publicly administered in the courts.”
via guardian.co.uk