In order to meaningfully assess the future of arbitration, it is first necessary to focus briefly on the remarkable developments in the field over the last 10 to 15 years. This can almost be done through use of a single word—bigger, bigger, bigger! Yes, the growth has been spectacular, and it is largely attributable to the fact that general counsel have been putting more and more huge cases into arbitration, and they have been doing so in ever accelerating fashion. I recently chaired an arbitration panel, for example, where $20 billion was legitimately in dispute, and arbitrations in the $10 million to $100 million range have come to be commonplace.
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