Have you ever had a dispute with a company that was resolved through private arbitration? How did that experience compare to going to court?
Have you ever had a dispute with a company that was resolved through private arbitration? How did that experience compare to going to court? Tim Cella Former Paralegal at Ascent Law (2018–2021) Based on my knowledge, as a paralegal working in a law firm, I have only seen like 2 or 3 cases that were resolved through private arbitration. None of the times were the clients happy because it was so expensive. One was with the American Arbitration Association (AAA) and it was just plain expensive. The client complained about it because when you do arbitration, it’s like you funding a private court. I do think that some people believe that private arbitration can be an effective way to resolve disputes, particularly for companies who do not want to engage in lengthy court proceedings — meaning where time and privacy are of more concern. Arbitration is often faster than going to court, and the parties involved can select an arbitrator who has specialized...