Advancements in logical reasoning, utilizing LLMs to convert natural language into logical symbolism, combined with the use of external theorem provers, have repositioned the symbolic approach as a central point of interest. The main challenge within this paradigm lies in the LLMs' capability to accurately translate natural language (NL) statements into first-order-logic (FOL) expressions. Although LLMs have shown notable success, there remains a gap in understanding the limitations and challenges they encounter in NL-FOL translation. This is primarily due to the absence of datasets and evaluation test beds at the required fine-grained level. We present MALLS, a dataset of 28K diverse and verified sentence-level NL-FOL pairs collected from GPT4. We utilize a combined strategy of FOL rule parsing, human annotation, and automatic filtering to ensure quality. We also present LogicLLaMA, a LLaMA2-7B/13B fine-tuned on MALLS for NL-FOL translation, which can be used standalone or to correct previously generated rules by GPT3.5 after being further fine-tuned via a novel reinforcement learning with human feedback (RLHF) framework. We benchmark a wide range of LLMs on MALLS and previous datasets, highlighting weaknesses in them in NL-FOL translation and demonstrating the advantages of MALLS. We also show that LogicLLaMA achieves GPT4-level performance and can generalize to other datasets. Project repo is available at https://github.com/gblackout/LogicLLaMA