Arbitration, Dispute Resolution Data, quantum, Statistics

(Illustrategy, LLC and University of South Carolina Beaufort) and , (Dispute Resolution Data, LLC)/ /Leave a comment

The growing repository of international commercial arbitration case data maintained by Dispute Resolution Data (DRD) is designed to enable practitioners to use analytical tools, ranging from simple to complex, for gleaning valuable insights into the effectiveness of arbitration as an alternative dispute resolution mechanism. For example, we showed in our first blog post that among…

Arbitration, Hearings, Settlement, Statistics

(Illustrategy, LLC and University of South Carolina Beaufort) and , (Dispute Resolution Data, LLC)/ /Leave a comment

In this continuing series of blog posts, we have been using Dispute Resolution Data (DRD)’s growing repository of international arbitration case data to analyze the extent to which such cases reach various outcomes, whether it be an award being rendered, administrative closure, dismissal, impasse, or settlement/withdrawal (which we treat as a single, distinct outcome). Our…

Arbitration, Statistics

(Illustrategy, LLC and University of South Carolina Beaufort) and , (Dispute Resolution Data, LLC)/ /Leave a comment

Recently, CRC Press published Data-Driven Law: Data Analytics and the New Legal Services by Edward J. Walters. The volume’s contributed chapters cover a wide range of topics at various levels of mathematical rigor, but they all underscore the importance of how data science can greatly improve the quality and efficiency of the legal process from…

Arbitration, Statistics

, (Dispute Resolution Data, LLC) and (Illustrategy, LLC and University of South Carolina Beaufort)/ /Leave a comment

Introduction. In our previous blog post, we presented the results of an analysis demonstrating the potential effectiveness of arbitration as a mechanism for reaching settlement. Data from the Dispute Resolution Data (DRD) repository, representing more than 3,700 international commercial arbitration cases as of May 2018, showed that settlement or withdrawal is not only the most…

Arbitration, Arbitration Proceedings, International arbitration, Settlement

(Illustrategy, LLC and University of South Carolina Beaufort) and , (Dispute Resolution Data, LLC)/ /Leave a comment

Arbitration as a Settlement Tool: Costly and Slow? As an alternative dispute resolution (ADR) mechanism, arbitration is not without its critics, particularly when it comes to time and money spent. According to White & Case, LLP’s 2018 International Arbitration Survey: The Evolution of International Arbitration, respectively 67% and 34% of survey respondents indicated “Cost” and…