Arbitration Should Be More Cost-Effective than Litigation
Reasonable Arbitrator Fees
While party costs, including legal fees and expert fees, often account for the majority of arbitration costs, the fees paid to arbitrators can also be significant.
For ad hoc arbitrations, William Kirtley tries to always charge no more than 1/3 the fees of arbitrators at large corporate firms. He does not charge anything for the assistance of tribunal secretaries. When hearings are virtual, costs may be reduced further.
Minimum Institutional Fees
Arbitral institutions set arbitrator fees between minimum and maximum amounts. As arbitration should be less expensive than litigation, William Kirtley will always ask arbitral institutions to set his arbitrator fees at the minimum amount permissible under the relevant arbitration rules.