The American Arbitration Association-International Centre for Dispute Resolution® (AAA-ICDR) has released feedback from surveyed arbitrators about the efficiency and cost-effectiveness of their AAA-ICDR awarded cases.
The study incorporates views on every step of the arbitration process from more than 400 arbitrators who issued awards for large and complex cases with at least $1 million in claims or counterclaims. In particular, arbitrators were asked how well case participants and counsel cooperated, and how well they handled discovery, motion practice, and other aspects of arbitration. Arbitrators also commented on factors which they felt contributed most to the delay or rising cost of cases, and best practices for avoiding cost increases and time delays during arbitration. Click here for more information about the arbitrator survey’s findings.