Efficiency & Economic Benefits of Dispute Resolution Report

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Program ID: 17PRW016

Faculty

Edna SussmanEdna Sussman

SussmanADR LLC
Scarsdale, NY

Roy WeinsteinRoy Weinstein

Micronomics
Los Angeles, CA

  •  
  • Date:

    Always Available
  • Duration:

    Self Paced
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Format:

Recorded Webinar

Location:

Online Course

Registration Status: OPEN

Registration for this program closes on

Registration Fee
Price (USD)
Complimentary FREE

60 Minutes

The focus of this 60-minute recorded webinar is a groundbreaking study by the economic research firm Micronomics that quantifies the significant time differences between litigation and AAA arbitration from initiation of a case to the final determination—and concludes that arbitration accelerates the pace of dispute resolution.

Trial Time vs. Arbitration Time

Federal courts take much longer to resolve cases by trial and appeal than arbitration by the AAA. These differences are systematic across almost all states and sections of the country and are especially significant in the states with the highest arbitration and federal court caseloads. As budget cuts close courtrooms and reduce judicial and court staff, delays will only increase.

  • On average, U.S. district court cases took more than 12 months longer to get to trial than cases adjudicated by arbitration (24.2 months vs 11.6 months).
  • U.S. district and circuit court cases required at least 21 months longer than arbitration to resolve when the case went through appeal (33.6 months vs 11.6 months).

Cost to Business with a Delay in Resolution

Parties to a case are constrained from using the funds at issue; therefore, the greater the amount at issue, the greater the loss associated with delay.

  • Direct losses associated with additional time to trial required for district court cases as compared with AAA arbitration were approximately $10.9-$13.6 billion between 2011 and 2015, or more than $180 million per month.
  • Direct minimum losses associated with additional time through appeal required for district and circuit court cases as compared with AAA arbitration were approximately $20.0-$22.9 billion over the same period, or more than $330 million per month.

This program does not qualify for the AAA's annual Arbitrator Continuing Education (ACE) requirement.

Launching the Course After Registration

If you register for this free recorded webinar you will receive a confirmation email containing a link to the course.  You will click the course link in that email or copy and paste the link into your browser to launch the course.  If you have a "My Profile" account on this site, you can also launch the course from your Transcript page.

CLE Information:

CLE is currently not offered on AAA recorded webinars. 

Questions? Please contact AAA Education Services at or 212-716-3977.