How would your organization benefit from access to data for strategy formulation; analysis of specific case types; the involvement of national courts; calculating costs in developing budgets in light of average time frames; motions practice; counterclaim success or failure; and a review of claim amounts versus awards?
Thanks to DRD, you will soon have access to this data.Institutional and organizational data contributors gather data from closed international commercial arbitrations and mediations. These include cases which were closed by award, settlement, withdrawal, or administrative closure. More information about how DRD collects and aggregates data can be found here. Initially, the data fields are aggregated from multiple continents throughout the world, and later as the data bank grows, one may examine aggregated data by specific geographic regions. Yet even data presented under the banner “All Data” for arbitrations and mediations deliver truly remarkable information.
While presently 12 institutions have committed their process data to DRD, early submissions which include up to 6 years of “historical data” for the years 2010-2015 and “current data” for cases thus far concluded in 2016, show that these initial cases involve claimant and respondents from 134 nations. What does this reveal? Namely, that even a limited number of institutions are administering cases involving parties from throughout the world.
Below, we address some common questions that have arisen about our data:
How many data fields are collected in each international arbitration and mediation case, and then aggregated by case type by DRD?
Each current arbitration case may provide up to 100 data fields, and each mediation case provides up to 45 data fields.
What are some examples of helpful data from international commercial mediation cases?
- Current data shows that under the heading “all cases” mediation is successful in concluding the case 81% of the time when utilized.
- The average time for a mediation from beginning until conclusion is 12.2 weeks, and
- the average mediation session in international commercial cases is 1.3 days.
How many different case types does DRD collect data about, and what specifically are the case types?
DRD has detailed process data for 28 different types of cases and a blank space for “other”. The 28 case type categories are:
Arts, Entertainment & Recreation
Nonprofits & Public Administration
Professional & Technical Services
The examples presented here are only a limited example of the eye-and mind-opening revelations from specific case data. Those curious are invited to attend a guided demonstration (sign up at www.disputeresolutiondata.com) and enjoy getting acquainted with “Demo Data”.
We welcome hearing from you.
Chairman & CEO
Dispute Resolution Data