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There is significant conventional wisdom on how arbitration differs from trial by jury. One component is that arbitration saves money for an employer because of efficiency, reduced defense costs and faster hearing dates, which reduce backpay and future pay awards. Finally, arbitration awards themselves are supposed to be lower than jury verdicts. Joseph Garrison examines some of the first empirical studies published on arbitration vs. jury awards.
February 25, 2004 at 12:00 AM
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The original version of this story was published on Law.Com
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