Power Buttons: Arbitration Can Be Cost-Effective and Faster Than Court - Here's How To Take Control
Arbitration has become as complex, expensive and time-consuming as going to court. But it doesn't have to be. Parties can regain control of the arbitration process by using certain cost-saving clauses in your contracts and arbitration agreements. Whether it is the location, number of days, number of witnesses, experts, size of arbitration panel, unlimited document discovery and depositions, motion practice, prehearing and post-hearing briefs or hearing transcripts - arbitrations are expensive! This session will examine each component of the arbitration process for time-saving techniques and necessity. The speakers will identify the power buttons hidden in each stage of arbitration: contracting, prehearing, hearing and post-hearing. This session will provide drafting tips and proven litigation strategies to keep legal costs down, and best practices for choosing arbitrators for your next arbitration.