Disputes are expensive! How can you manage costs effectively?
In-house counsel are constantly having their budgets squeezed, having to justify expenditure on experts, arbitrators and outside counsel. Disputes are notoriously difficult to price. The timetable, strategy and actions of opposing counsel are all unpredictable at the outset. Regardless, clients are demanding greater certainty on the cost of a major dispute.
A significant element of the costs of a major arbitration will relate to documents. Current technology use means that clients may have millions of electronic files to contend with. Managing and reviewing these documents is intensive and detailed work which can be both costly and time-consuming.