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At the beginning of October, the London Court of International Arbitration (LCIA) released an updated version of its costs and duration report. This report builds on the original one published in 2015, which marked the first attempt by an institution to provide information on institutional cost calculations. For this updated report, the LCIA recruited the help of The Brattle Group to analyze the information gathered. The report states that its purpose is to provide more transparency to the issue of costs and duration in arbitration—a timely and appropriate goal in view of the increasing scrutiny arbitration has been under in the last few years, both in terms of escalating costs associated with arbitration and transparency (or lack thereof).
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