Arbitration isn’t going away but its cost keeps soaring. Everyone talks about the problem—but what’s to be done? Three experienced arbitrators offer solutions to save time and money without compromising quality. Winston Churchill wrote, “war, which used to be cruel and magnificent, has now become cruel and squalid.” Arbitration, which used to be informal and inexpensive, is now, too often, painfully protracted and shockingly expensive.
Is there a solution?
It is unlikely that we will return to “the good old days.” Yet there are many ways for not only counsel but a proactive panel to reduce cost and delay. Some are easy; counsel need merely agree. Others challenge perceived wisdom that arbitrators should be seen and not heard, that their proper role is as a passive receptacle.
John Cole, Mark Wigmore, and Chuck Ehrlich have hundreds of arbitrations under their belts as clients and as arbitrators. Over the years, they’ve experimented with cost saving initiatives, and given much thought to the challenge of balancing fairness with economic good sense. Join them in this webinar for a lively exchange of ideas on reining in the ever-spiraling cost of resolving disputes and getting back to business.
- Opportunities for counsel to present their cases more cost effectively without affecting quality.
- Opportunities for arbitrators to cost-consciously manage arbitrations without affecting the quality of decision-making
- Opportunities for companies to reduce the cost of dispute resolution with confidence that their case will still be fully presented and considered.