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FAIL - Here's Why Nobody is Talking About Mandatory Arbitration Anymore..

Remember the big push for you to have mandatory arbitration agreements with all your employees?  How it was going to save you from all that unjustified expense related to bogus legal claims?

Um.... Yeah.... Turns out, it was just another way to let the meter run...

I presented and then moderated a panel for an organization named Core24 in Dallas yesterday.  We had a great group of panelists, and here's one thing that I heard that shocked me.

The average cost of arbitration to an employer covering all costs - $40,000....

That's right - $40,000... When the whole mandatory arbitration movement was in full swing, my employers (as well as my own) reaction was..."meh".... I just never really caught the wave, therefore I never dug in.

Sounds like it was a good idea that I never dug in.  $40,000 to arbitrate each claim/allegation on average.  The number I heard in the panel is backed up by this, so it's directionally true.

Just more evidence that when the legal meter runs, there's one clear winner - the legal system, complete with retired judges as arbitrators earning $400 per hour....

Wow.  

Comments

Janet

"Just more evidence that when the legal meter runs, there's one clear winner - the legal system, complete with retired judges as arbitrators earning $400 per hour...."

Amen, brother.

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