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Arbitrators are paid for their time to preside over the matter by the day or hour. The least expensive arbitrators usually charge $150 an hour, while the most expensive might charge $400-$500 an hour or more depending on their area of expertise.

The disputing parties hand over their power to decide the dispute to the arbitrator(s). Arbitration is an alternative to court action (litigation), and generally, is final and binding.

Employer to Pay Arbitration Fees. Further, requiring the employee to bear expenses may restrict or limit the employee's ability to bring claims.

In very rare cases, the collective bargaining agreement between the parties may specify a different distribution of the cost, including such provisions as “loser pays the cost of the arbitrator.” A typical arbitration provision, however, will specify that each party pays the costs of its representative (lawyer or non- ...

Filing Fee plus 5 percent of the amount in dispute when the amount in dispute is under $10,000. 6 percent of the amount in dispute when the amount is $10,000 or more but less than $20,000. 7 percent of the amount in dispute when the amount is $20,000 or more with a maximum filing fee of $5,000.

Arbitration is often resolved much more quickly than court proceedings, so attorney fees are reduced. Also, there are lower costs in preparing for the arbitration than there are in preparing for a jury trial. For binding arbitration, there are limited opportunities for appeal.

A non-refundable process fee is assessed against each member that is a party to the arbitration at the time the parties are sent arbitrator lists. FINRA assessed this fee to you because staff generated and sent arbitrator lists to you. This fee is assessed even if no hearings are held in a case.

The arbitration clause had this fees provision: “Each party shall bear its own attorneys' fees, costs and disbursements arising out of the arbitration, and shall pay an equal share of the fees and costs of the arbitrator and AAA; however, the arbitrator may award to the prevailing party reimbursement of its reasonable ...