Looks really interesting. Can you tell me how lawyers are reacting to the pricing you are paying them for being arbitrators? (assuming you are paying them) and if you are not paying them, how are you getting them to agree.
When I look at $300 for a case, I think, well, most attorneys bill at $400+ an hour (many for as much as $1,000), and they may get $100/hour+ personally after splitting with the law firm, so if a case takes more than 3 hours to arbitrate it seems hard.
On the other hand, there are no law jobs out there, so maybe you are getting fresh graduates?
You get what you pay for. I think you identified it. You are going to get a decision made after a cursory review of the submitted evidence, i.e. a "gut reaction." Might be little better than a coin flip in some cases.
Then the ruling can be attacked as capricious and arbitrary, thereby negating any value to the judgement in the first place. Curious how they are going to deal with that.
Looks really interesting. Can you tell me how lawyers are reacting to the pricing you are paying them for being arbitrators? (assuming you are paying them) and if you are not paying them, how are you getting them to agree.
When I look at $300 for a case, I think, well, most attorneys bill at $400+ an hour (many for as much as $1,000), and they may get $100/hour+ personally after splitting with the law firm, so if a case takes more than 3 hours to arbitrate it seems hard.
On the other hand, there are no law jobs out there, so maybe you are getting fresh graduates?
I'm just curious I guess.