Ugo Colella, a partner in Culhane Meadows’ Washington, D.C. office, was recently quoted by Law.com in an article that weighs out the cost efficiency of arbitration versus the courtroom for clients.
Here’s a short excerpt from the article:
It’s meant to be a quicker, cheaper option, but commercial litigator Ugo Colella of Culhane Meadows in Washington, D.C., says alternative dispute resolution is his last resort.
Colella’s biggest gripe is with arbitration—where one client on the losing end had to fork out $1.5 million in attorney fees for a case where the amount in controversy was about $2 million.
“Generally speaking, if you arbitrate, you’re going to have to be ready to cut a substantial check,” Colella said.
Read the entire article HERE.