Mandatory Arbitration Fails to Live up to Expectations
Ohio Employer's Law Blog points out that according to a recent article, mandatory arbitration does not live up to its expectations. See blog post. Jon Hyman at Ohio Employer Blog refers to a recent ABA article finding that in one study, mandatory arbitration was 30% more expensive and 25% longer than traditional litigation. The average costs and fees in an employment arbitration were $102,338 as opposed to $70,491 for litigation. The average life cycle for an employment arbitration was 21 months as opposed to 17 months for litigation.
