Should attorneys be taking more advantage of this statute and these so-called “321 Arbitrations”?

Many attorneys have traditionally been reticent to encourage their clients to pursue arbitration, citing arbitration’s potential disadvantages. In particular, critics of arbitration point to the “Repeat Player Syndrome,” in which it is perceived that a potential arbitrator may consistently rule in favor of a particular side, an individual party or a class of parties, in the hopes of further employment opportunities, as a severe limitation. These attorneys often overlook the potential advantages arbitration provides over litigation, such as speed, lower costs, and increased efficiency.

To read more: Arbitration in General