Arbitrator Intelligence: Data Analytics to Inform Arbitrator SelectionID# 2019-4946
Most international arbitrations are confidential and information about past cases is treated as proprietary. At the outset of a new international arbitration, however, parties and lawyers need information about others’ past arbitrations. Currently, there is no way to access that information. This technology is a confidential online platform to collect anonymized, vital, non-public information about past international arbitration cases. Information is collected through an online questionnaire, which is then analyzed to produce a report. Reports reveal individual arbitrators’ track records in comparison with relevant industry baselines and other individual arbitrators’ track records, improving arbitrator selection and informing case strategy.
Application & Market Utility
This technology will provide parties with highly valuable insights to enable strategic, informed selection of optimal arbitrators for parties’ high-stakes legal disputes. It has been publicly acknowledged by law firms, corporations, and industry leaders as an important innovation that will reshape the rapidly expanding, multi-billion-dollar international arbitration market by providing uniquely valuable, quantifiable, and contextualized arbitrator data. This proprietary information will also facilitate development of other data analytics products to expand the platform.
Planning to begin sales in December.