GCs See Potential In Shaking Up Arbitration Fee Norms
Law360 (August 23, 2018, 11:58 AM EDT) -- The American Arbitration Association's recent introduction of an alternative fee arrangement option is a progressive step in making costs more predictable and simplifying budgeting for eligible cases, but it will take time to truly glean whether the move increases interest in the forum, according to general counsel and other legal professionals.
So far, the corporate legal community has generally praised the program, which the AAA has said is the first of its kind offered by a national provider of alternative dispute resolution services. The organization unveiled the alternative fee option on Aug. 6.
The program allows parties in arbitration to choose...
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