Arbitration is an extremely popular mechanism for the resolution of commercial disputes. One of the main advertised benefits of arbitration is that it is more cost-effective than traditional litigation. While this is often true, it does not mean that arbitration is always cheap. Indeed, filing, administrative, and arbitrator fees in major disputes can be substantial.
In addition, while arbitration costs are typically recoverable by the prevailing party, the risk of losing alone can deter parties from bringing an arbitration to enforce their rights.
The Benefits of Working with Parabellum as Early in the Litigation Process as Possible
Your company has a sizeable legal claim. So shouldn’t you call an attorney first, and a litigation funder later? While it may seem counterintuitive, retaining counsel before exploring other options can severely limit your company’s ability to strike an advantageous arrangement for pursuing its claim. Engaging early with Parabellum preserves options for your company to achieve its litigation goals.
Practical Law has published an updated version of its guide, Third-Party Litigation Financing in the US, authored by Parabellum’s Aaron Katz along with Steven Schoenfeld. Click here to access it.