International arbitration has been criticized over the past decade for being too expensive. While it can be more expensive than litigation before certain domestic courts, this is seldom the case when compared to domestic courts of certain countries, such as the US, especially when a ruling is appealed and/or extensive discovery is involved. To allow a better understanding of the typical costs of arbitration, over 80% of which have been found to relate to counsel’s fees, I have created the first truly global arbitration cost calculators, estimating all major expenses of an arbitration from start to the final award. Although they are based on published sources, they provide merely an estimate, which shall become more accurate and refined over time. For now, the costs of ICC, ICSID, ICDR and LCIA arbitrations are calculated, although more prominent institutions will be added in the future. It may be found here.
/ / The First Truly Global Arbitration Cost Calculator is Now Online