Arbitration's Advantages Make It A Superior Solution

Share on facebook
Share on twitter
Share on linkedin
Share on reddit

By David Singer (December 13, 2021, 5:05 PM EST) — The benefits of commercial arbitration are generally known and widely accepted. Arbitration disputes on average are concluded far more quickly and efficiently than court litigation.

A study reported by the American Arbitration Association compared the average duration of arbitrations conducted under AAA auspices with federal court litigation throughout the U.S., and concluded that, on average, U.S. district court cases took more than 12 months longer to get to trial than arbitration cases took to get to an evidentiary hearing — 24.2 months versus 11.6 months.

Further, when an appeal was included, U.S. district and circuit court cases on average took more…

Read more