In Arbitration, a small, simple “trial” takes place after limited discovery involving less formal rules of evidence than formal, judicial litigation. A single Arbitrator or an arbitral panel governs the proceedings and the trials often last anywhere from a few days to a few weeks and results in the Arbitrator rendering a decision/opinion as to the outcome of the dispute. Arbitrations can be binding on the parties or non-binding. In non-binding Arbitration, the Arbitration opinion can provide independent direction to the parties as to how the case is likely to turn out in a formal proceeding.
Alternative Dispute Resolution (ADR) techniques are often beneficial to clients as they often provide a quicker and more cost effective means of resolving a dispute than formal litigation and can also result in easier relations between the parties afterwards due to their informal nature.