Arbitrators get paid for their time, but judges do not. Why is arbitration less expensive?
Arbitration decreases the time needed to resolve a dispute. This can dramatically reduce legal fees that would have been incurred during a lengthy court case. In arbitration, discovery proceedings (e.g., depositions, document discovery, interrogatories, etc.) are frequently limited. Discovery in a court case, often the most expensive component of litigation, may be extensive. Furthermore, motion practice—a common strategy in a court case—is significantly limited. All of these elements substantially reduce costs of arbitration compared to a trial.
- If a member is called as a witness for an arbitration case and is paid lost time, would the union have to estimate what percent of that days lost time was for arbitration?
- Arbitrators get paid for their time, but judges do not. Why is arbitration less expensive?
- Why one time fee is to be paid for free hosting?