(TCO B) Court Process versus ADR: The Federal and State Court Systems throughout the U.S. have become overwhelmed with the backlog of cases awaiting access to trial court. Much of this is attributed to two factors; 1) the United States has 5% of the world’s population, but 65% of the worlds lawyers; and 95% of our cases are settled before going to trial, but 95% of the 95% are settled on the courthouse steps just before the case goes to trial. Therefore there is a growing demand for Alternate Dispute Resolution to substitute for our traditional court process. Such Alternate Dispute Resolution is also increasingly popular in the international business environment. List and define the three most attractive forms of Alternate Dispute Resolution (ADR), and the attractions that they provide over the typical court trial procedure.
(Points : 40)
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