Noah Hanft Discusses Alternatives Fees in Arbitration

Law360

The American Arbitration Association recently introduced an alternative fee arrangement option for arbitration. Law360 discussed the move with general counsel and other legal professionals.

As Noah J. Hanft, CPR's President & CEO told Law360, CPR's corporate users haven't expressed an interest in alternative fee arrangements for arbitrators, likely because the associated fees are a small component of the overall fees paid. 

Under CPR Rules, Hanft added, parties are free to negotiate fee arrangements with their arbitrators.