Alternative Dispute Resolution
ADR provides options – nonbinding mediation and binding arbitration – to determine the outcome of commercial disputes in a private and efficient business setting rather than relying on traditional civil litigation in the court system to do so.
Neutral Third Party
Faster, Less Expensive
When ADR is conducted with the guidance of a qualified third-party neutral, it has proven to produce faster and less expensive outcomes than traditional civil litigation. In fact, a 2017 study published by Micronomics found that it took, on average, 12 months longer to get business disputes to trial in the U.S. District Courts during 2011-2015 than it took similar cases during the same period to get to final award through binding arbitration administered by the American Arbitration Association (AAA).
The district court delays were traced to substantial additional direct and secondary costs and economic losses for the litigants and our country’s economy, which Micronomics estimated to be in excess of $180 million per month nationwide during that same period.