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Counting The Cost

by Murray Armes

Litigation has always been expensive but the signs are that it is becoming increasingly so. A survey conducted by the US Chamber Institute for Legal Reform and others1 showed that costs were increasing at a faster rate than increases in hourly rates. In the UK cost budgeting introduced by the Jackson Reforms has made participants more aware of the need to control costs but it is too early to say whether this has reduced them2. Things are little better with international arbitration where both delay and costs appear to be rising3. The costs of litigation, and by implication, arbitration, also have a wider impact (some say they do actual economic harm) to society as a whole as a larger part of company budgets, resources and productivity are invested in litigation rather than productively in research, capital investment and market development4 . Anything that might help to reduce both the actual and consequential costs of disputes must be beneficial…

Articles

Good Record Keeping or Consensus Ad Idem?
by Andrew Paul
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Understanding Mediation: Two sides to every story
by Murray Armes
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The Concept of Dispute Avoidance
by Murray Armes
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Practical Completion: a contextual art?
by Andrew Paul
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Everybody Has Won and All Must Have Prizes
by Murray Armes
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Putting Your Money Where Your Mouth Is
by Murray Armes
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The Challenge of Culture Change
by Matt Cousins
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By Act or Omission: a contractual obligation
by Andrew Paul
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The Expert Witness in Adjudication
by Murray Armes
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