FINRA DRS Posts Stats Through October: Overall Arbitration Filings Continue to Decline, But Mediations are…

FINRA Dispute Resolution Services (“DRS”) posted case statistics through the end of October, with the overall arbitration case filing trends continuing from prior months but with a confirmed major change in mediation stats.

In brief, the headlines are: 1) overall arbitration filings through October – 2,527 cases – are down 26% (had been -27% in September); 2) cumulative customer claims, which had been off 2%, are now down 5% from 2020; 3) industry disputes remain way down at minus 48%; 4) mediation cases are really surging; and 5) for the fourteenth month in a row, pending cases declined. Overall arbitration turnaround times were 14.9 months, with hearing cases now taking 17.1 months. Also, there are now 8,466 DRS arbitrators, 4,015 public and 4,451 non-public…

Read the complete story here.

Featured Arbitrators

ad
View all

Read these next

Category

Arbitration Tips-N-Tools (TNT): Round 17

In this round of Arbitration Tips-N-Tools, Professor Amy Schmitz asks some of the leading arbitration practitioners about the indicators would-be arbitrators should have in mind when deciding whether to decline...

By Imre Szalai, Steven Shapiro, Erin Archerd, Amy Schmitz
Category

Call for Participation in Questionnaire for the Cross-Institutional Task Force on Gender Diversity in Arbitral Appointments and Proceedings

Women who have served or are serving as arbitrators are invited to participate in a questionnaire regarding their experiences, with a deadline of 30 April. The project is an extension...

By Stacie Strong
Category

Arbitration Conversation No. 4: Amy Interviews Prof. Benjamin Davis of University of Toledo College of Law

In this episode Amy Schmitz interviews Ben Davis about diversity in arbitration, with a particular focus on the new Diversity and Inclusion Policy that was recently issued by ICCA (the...

By Benjamin Davis, Amy Schmitz

Find an Arbitrator