cost of a typical arbitrator compared to litigation in court
In March 2013, the World Intellectual Property Organization (âWIPOâ) published results of a survey that found resolving technology disputes in arbitration saved, on average, more than 60% in time and up to 55% in costs, compared to litigation.
But in the litigation cases, total costs and outside counsel fees were $704,908.20, with an average per-case expenditure of $70,490.82 â a difference of more than $30,000 per case! Arbitration fared no better in getting to the finish line faster.For cases litigated in court, the median case lifecycle was 19 months.he study, in a nutshell, shows that arbitration costs rival those of litigation. Customization of the process is key, rather than a one-size-fits-all approach. The study is, of course, not a tell-all; the devil is in the details.