Beth Bar of the New York Law Journal reports that some attorneys are questioning whether arbitration is an effective alternative to “time-consuming and pricey litigation”
The statistics suggest that arbitration remains popular. The American Arbitration Association has reported that arbitration filings rose from 73,691 in 2005 to 77,903 in 2006.
“There is still high demand for arbitration,” Eric Tuchmann, general counsel of the American Arbitration Association.
Yet arbitration may be losing some of its luster. Some attorneys complain that its costs and complexity have been rising, while losing parties express dissatisfaction at the difficulty in appealing in court what they regard as unfair verdicts.
Some Attorneys Questioning Advantages of Arbitration
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