Question by  jjoctober (23)

What does the defense take from a an arbitration award?

I need to know what the defense does concerning the arbitration award.


Answer by  patti (29325)

The fees paid to attorneys in arbitration are generally worked out prior to the arbitration and are set forth in a contract with the client.


Answer by  patti (29325)

The attorneys for the plaintiff (asking for the award) will likely have an agreement for a percentage of the award. The defense has specific fee arrangements with its client.


Answer by  flamiss22 (5081)

The standard rate is ususally twenty five to thirty five percent. However some teams will make special arrangements according to the size of the award. It the amount is over a certain amount they will get an additional piece of it.


Answer by  Tomg (129)

I believe they settle the disput between the parties and either distribute any funds or rewards. This is done usually after the court makes a final ruling on the results of the arbitration.

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