Companies that choose arbitration as an alternative to litigation experience many benefits including:
- Speed and efficiency
Arbitration is designed to be faster than courtroom litigation.
- Ability to choose the arbitrator
Unlike judges, arbitrators are not assigned. Counsel can select the arbitrator whose experience most closely aligns with the pending matter.
- Ability to structure the arbitration process
Arbitration can be customized to accommodate the unique needs (e.g., location, time constraints, discovery, etc.) of the parties.
Arbitration is a private process. The proceedings and the result are not open to the public.
Arbitration is a more casual process than litigation, allowing for a quicker resolution and a greater potential for the parties to continue to work together.
Generally, the decision of the arbitrator is final.
Paul Bennett Marrow is a highly experienced and respected member of numerous arbitration panels and has been a practicing commercial law attorney for more than four decades. In addition to being a much-cited author of journal and law review articles dealing with numerous practical and theoretical issues involving arbitration he also teaches Domestic Arbitration at New York Law School.
Paul is committed to seeing that these benefits become a reality for anyone selecting him as a consultant, neutral or as an advocate.