The Power of Choice: How Flexibility in Arbitration Drives Better Outcomes
Arbitration is often chosen as an alternative to litigation because it can be more efficient and cost-effective, as well as tailored to the needs of the parties. But to fully realize these benefits, flexibility is key. The ability to shape the arbitration process—including selecting the arbitrator and customizing procedural rules—can significantly impact efficiency, fairness and the outcome of a dispute.
