Category Archives: General

End of Arbitration in Financial Services Contracts?

Today House and Senate negotiators reached agreement on legislation that redefines federal oversight of the financial services industry. The agreement may have a major effect on arbitration in the financial services industry. Overlawyered reports, “Tucked away in the Obama administration’s proposals for revamping regulation of financial services is a provision that would apparently allow federal … Continue reading End of Arbitration in Financial Services Contracts?

Robinson on Judicial Settlement Conferences

Pepperdine’s Peter Robinson has published an article titled Settlement Conference Judge – Legal Lion or Problem Solving Lamb: An Empirical Documentation of Judicial Settlement Conference Practices and Techniques in which he reports on an empirical study he conducted of judges in California to assess their methodologies in settlement conferencing. As he acknowledges, the results cannot … Continue reading Robinson on Judicial Settlement Conferences

FJC Report on Litigation Costs and Impact of Arbitration

The Federal Judicial Center has released a whitepaper entitled In Their Words: Attorney Views About Costs and Procedures in Federal Civil Litigation, that reports on interviews with 35 attorneys exploring the costs of federal civil litigation. The report contains many predictable conclusions (costs increase with higher stakes; IP litigation is really expensive) as well as … Continue reading FJC Report on Litigation Costs and Impact of Arbitration

“Lawyers Are Overconfident” and other shocking discoveries

Recently posted to SSRN: an article describing a study of lawyers’ prediction about litigation.  It turns out that lawyers are overconfident in their assessments about the likelihood of success.  This result should surprise every person who has never met a lawyer. The study also found that lawyers don’t improve with experience on this measure, and … Continue reading “Lawyers Are Overconfident” and other shocking discoveries