New Commercial Arbitration Database Offers Analytics for Arbitration Attorneys
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A South Carolina startup, Dispute Resolution Data, has signed agreements to collect information from some 20 arbitration institutions.
With up to 100 data points on each closed commercial arbitration, and 45 data fields on each mediation, the database allows users to evaluate likely outcomes based on a host of variables, such as region, industry, average claim amount, award amount, case outcomes, whether national courts became involved and at what rate parties file or prevail in counterclaims. Users will not be able to directly compare one arbitral organization with another, and at least for the time being, they won’t be able to compare by country— only by region.
“The ICC [International Chamber of Commerce Court of Arbitration] data is being put in as we speak,” said Dispute Resolution Data co-founder and CEO William K. Slate II. The iconic ICC International Court of Arbitration signed on in early December and handles some 800 to 1,000 international commercial arbitration cases worldwide each year.
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