Making the Economic Case for Mandatory Binding Arbitration

The following is an excerpt from a column written by Gene Commander, discussing the economic advantages of mandatory binding arbitration. The article, published by Colorado Lawyer, is available here. 

ADR professionals have long touted binding arbitration for producing faster and less expensive results in complex commercial disputes, as compared to traditional civil litigation. Now there is convincing economic evidence of binding arbitration’s real value. This article discusses the economic and other benefits of mandatory binding arbitration in complex cases.