As an increasing number of disputes are litigated through binding arbitration, its traditional theoretical advantages over the court system — principally lower cost and speedier resolution — seem to be realized in practice with diminishing frequency.
In light of this apparent evolution, this seems a good time to examine some of the oft-cited benefits of binding arbitration, notably the ability of parties to choose a neutral, limit discovery, participate in an informal and efficient hearing and wind up with a nonappealable arbitrator’s decision. My own recent experience in this area also has led to some suggestions on ways to optimize arbitration and achieve prompt and economical resolution of disputes.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
