Should counsel conclude after investigation and review that a formal disciplinary
proceeding should not be initiated against the respondent attorney because sufficient evidence
is not present, or because there is pending another proceeding against the respondent -
attorney, the disposition of which in the judgment of the counsel should be awaited before
further action by this court is considered or for any other valid reason, counsel shall file with
this court a recommendation for disposition of the matter, whether by dismissal, admonition,
deferral, or otherwise setting forth the reasons therefor.
