In many cases, the distinction between litigation and arbitration has become blurred as more litigation practices are infused into arbitration. Clients thus lose the cost and time savings that they sought by selecting arbitration in the first place. These efficiencies are achievable if counsel make them a priority, and learn and implement the necessary practices to achieve them. Here are 10 practices to turn the fantasy of time- and cost-efficient arbitration back into a reality. We invite our readers to share with us any other best practices for achieving an effective and efficient arbitration.
1. Build a proper foundation with an appropriate dispute resolution provision.
