Source: Legal Business
‘Arbitration has gone from being the exotic bird of dispute resolution to become almost the norm,’ argues Constantine Partasides of Three Crowns (3C).
The appearance of boutiques such as 3C and Hanotiau & van den Berg is itself a sign of arbitration’s entry into the mainstream. It is tempting to consider parallels with the US-based litigation firms that emerged in the late 1980s and ’90s, when Quinn Emanuel Urquhart & Sullivan and Boies Schiller Flexner broke away from the full-service model to focus on disputes work.
Whether the market will offer enough work for arbitration-only firms to grow into several-hundred-partner international outfits remains to be seen, though no-one expects to see a slowdown in client demand. And the cases themselves are becoming more complex. ‘The smallest case I am currently handling is $250m,’ notes David Goldberg of White & Case. ‘The next smallest is worth over $14bn. At the top end of the market, arbitrations have become much more hostile, larger value, higher stakes and are taking far longer to resolve.’…
Read full article: https://www.legalbusiness.co.uk/analysis/disputes-yearbook-2018/international-arbitration-insight-bigger-longer-more-complicated/
