Arbitration is an alternative means of setttling a dispute by impartial persons without proceeding to a court trial. It is sometimes preferred as a means of settling a matter in order to avoid the expense, delay, and acrimony of litigation.
New York Consent to Resolve Fee Dispute by Arbitration Pursuant to Part 137.2 (b) of the Rules of the Chief Administrator
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New York
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NY-137-13
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FAQ
A fee arbitration system provides lawyers and clients with an out-of-court method of resolving fee disputes that is expeditious, confidential, inexpensive, and impartial.Participation in the Fee Arbitration Program is mandatory for lawyers if the request for arbitration is commenced by a client.
HOW LONG DOES ARBITRATION LAST? It usually takes several months for parties to do the necessary discovery and other work to prepare for an arbitration. The hearing itself will last anywhere from one day to a week or more.
Cost. Arbitration often is less costly than court litigation, primarily due to the compressed schedule for the completion of discovery and trial.The judge is assigned by the court without input from the parties. Thus, arbitration affords the parties the ability to select the decider, whereas court litigation does not.
An arbitration hearing is similar to a small claims trial. The participants present evidence and make arguments supporting their positions. After the hearing, the arbitrator decides in favor of one side or the other.An arbitrator is more like a judge, who hears the evidence and makes a ruling.
Arbitration is becoming more costly as more entrenched and more experienced lawyers take up the cause.Still, resolving a case through arbitration is usually far less costly than proceeding through litigation because the process is quicker and generally less complicated than a court proceeding. Faster than litigation.
The overall cost would depend upon whether they needed to attend the arbitration hearing. You would probably be looking at costs based on hourly rate of around £80 plus VAT per hour so perhaps up to around A£400 each for a report.
Contact a member of the Fee Arbitration Department, or call the State Bar of Georgia at (404) 527-8750 or 1-800-334-6865 and ask for the Fee Arbitration Department.
Although arbitration is more formal and expensive than mediation, it is still less expensive and more expeditious than litigation.
The short answer is no, you do not need a lawyer in arbitration. However, because the dispute resolution process is adversarial in nature, and the outcome is often final and affects your rights, you may want a lawyer's help in preparing and presenting your case.