Arbitration Can Help Solve Tech Litigation Problems
Law360, New York (October 20, 2017, 5:17 PM EDT) -- Cost, time to resolution and inexperienced and unqualified decision-makers top the list of challenges with litigation involving technology companies, according to a recently released study conducted by the Silicon Valley Arbitration & Mediation Center (SVAMC), a nonprofit educational foundation based in Palo Alto, California. The top benefits of arbitration are specialized expertise, time savings and privacy.
The SVAMC study surveyed corporate counsel, law firm counsel, neutrals and users in the technology sector, representing wide expertise in technology business and law. The survey confirmed longstanding concerns regarding the challenges in litigating technology-related disputes and resolved several misperceptions concerning arbitration.
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