A crisis in law but not the one many claim

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Akin Gump restructuring veteran James Roome argues those seeing a threat to the legal industry have mis-read the markets

Ever since the start of the financial crisis you haven’t had to look very far to find expert opinion pieces predicting the end of growth for law firms. The observer will tell you that this is because of the commoditisation of transactional services, the pressure of client expectations of price, staffing and delivery, new entrants in the market, cyclical downturns in the economy, challenging career paths, anti-social hours and so on.

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Dissent, it turns out, comes at a price even in disputes

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Joe Tirado argues that dissenting opinions in arbitration are a double-edged sword

There are many so-called ‘hot’ topics in international arbitration that could have been the subject of this article, but ultimately the topic chose itself.

In arbitration, a dissenting opinion is a written statement that an arbitrator can make to express their disagreement with the award or the reasoning for it. It does not form part of the award. Nor is it a separate award. Under most arbitration legislation, it does not prevent the award from being final or from being an award.

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