Miami Arbitration Attorney
Arbitration may be a better option than going to trial in many cases due to its relatively low cost and time commitment compared to taking a case to court. Our Miami arbitration attorneys have assisted numerous clients reach favorable outcomes during arbitration in various types of disputes, including employment issues, partnership disputes, commercial litigation, business litigation, and more. To find out how our professional Miami arbitration attorneys will be able to assist you in whatever type of dispute you are currently facing, contact the law offices of Pike & Lustig, LLP.
The Benefits of Arbitration and How it Works
Arbitration allows for privacy and flexibility of rules, is less hostile than a trial because parties are encouraged to cooperate, and arbitration seeks to accommodate both party’s busy schedules. Going to court is also more timely and expensive than most people realize. Arbitration seeks to reduce both of those factors by avoiding the court, though arbitration works similarly to a trial. Both sides present their arguments, challenges are made to the legal aspects of the other side, and a final decision is made by the arbitrator, a neutral third party who is essentially the judge. The arbitrator will usually make a decision a few weeks after the hearing. There are two options for making the final decision: the two parties, before entering arbitration, can agree to enter a binding agreement that whatever decision the arbitrator makes is the final decision, or they can enter arbitration with the agreement that they will either accept or decline an arbitrator’s decision afterwards depending on how agreeable it is to both sides. In the former, the arbitrator’s decision is essentially final, though it can be challenged in some cases. In the later, if one or more parties does not like the arbitrator’s resolution, they can agree to go a different route, such as going through arbitration again or taking the case to state or federal court.
Reducing Cost and Time Through Arbitration
According to the American Bar Association, arbitration costs less than litigation because arbitration:
- Does not permit as much discovery as litigation, which means fewer discovery disputes and motions;
- Does away with virtually all pretrial motions to dismiss;
- Does away with detailed pretrial orders, moving quickly to a final evidentiary hearing;
- Allows evidence to be admitted in a less technical and more simple manner; and
- Acts as a final movement with almost no room for an appeal.
Common Types of Arbitration Cases
We handle cases for clients of all sizes, from large corporations, small businesses, and individuals. Some of the most common types of arbitration cases that we assist clients with include:
- Breach of fiduciary duty;
- Failure to supervise;
- Breach of contract;
- Omission of facts;
- Fraud; and
- Unauthorized trading.
Call a Miami Arbitration Attorney Today
Going to court is usually not in either party’s best interests. According to a recent study, in only 15 percent of trials did both parties make the right decision by going to trial–the plaintiff was awarded more than the defendant offered but the defendant paid less than what was sought by the plaintiff, according to the New York Times. The attorneys of Pike & Lustig, LLP have a vast understanding and knowledge of the American Arbitration Association and will help you reach a favorable resolution in a cost effective, timely manner.