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The State of Missouri Bar Association Has Proposed an Amendment

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Essay

The State of Missouri Bar Association has proposed an amendment to the state's Code of Attorney's Professional Responsibility to require that lawyers discuss ADR alternatives as well as litigation with clients.Attorney I.M.Fearless opposes this rule.He believes that ADR imposes additional costs and delays on clients and is primarily proposed to discourage clients from exercising their rights to a jury trial (thereby reducing the need for increased court funding).What arguments can you make to rebut Fearless?


Definitions:

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage.

Equilibrium Interest Rate

The interest rate at which the quantity of money demanded equals the quantity of money supplied, balancing savings and investment.

Loanable Funds

The funds available for borrowing in the financial markets, influenced by savings, government policies, and financial institutions' lending criteria.

Market

The arena in which buyers and sellers come together to trade goods, services, or financial instruments, establishing prices through supply and demand.

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