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It is gratifying that a Law Review Symposium be devoted to the
work of The American Law Institute. Not a work of the Institute, such
as the Restatement of Torts, Products Liability, or the Principles of Corporate
Governance or such less controversial but also important projects
as the Restatement of Trusts (Prudent Investor Rule). Rather, this Symposium is addressed to the work of the Institute, that is, the procedures
and processes, formal and informal, through which the ALI undertakes
to fulfill its stated mission. The Institute's stated mission is "to promote
the clarification and simplification of the law and its better adaptation to
social needs." The contributions to this Symposium develop several

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