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Arbitrators will be reimbursed for mileage (up to 75 miles each way), parking and toll charges incurred traveling to and from the hearing location If that location is within 75 miles, the arbitrator is entitled to mileage in accordance with irs regulations and $30 a day for meals. Finra tracks the irs mileage rate changes and will update arbitrators accordingly
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Actual miles driven should be entered on the expense report. Each arbitrator is assigned a primary location, which is generally the closest hearing location to their primary residence Arbitrator fees often represent the largest component, as arbitrators typically charge hourly, daily, or sometimes a fixed rate for their services
These rates can range from hundreds to over a thousand dollars per hour, depending on the arbitrator’s experience and the complexity of the case.
For matters involving three or more parties, the filing fee is $3,500 The entire filing fee must be paid in full to commence the proceedings. Our fee schedule takes your arbitration needs into account while giving you flexibility to choose the arbitrator you want — at a reasonable cost Transparent, competitive fees for effective dispute resolution
Understand our pricing for mediation, arbitration & ene services, tailored to your needs. Per diem rates and policies for labor and employment arbitration, mediation, and hearing officer services. Travel expenses are charged separately There is a $250/per party administrative fee
Arbitration awards/opinions are not distributed until all fees are paid in full
This includes any additional monies requested by the arbitrator for preparation and/or opinions.
