Certainly, estimating the cost will help you to minimize the cost of international Arbitration, some of which are directly under the control of parties to a dispute, such as the selection of legal counsel. Many others are directly under the control of lawyers and arbitrators, over which the client has no direct control, but may influence indirectly through his or her legal counsel.

You can use the official cost calculators and gone one-step further, adding automatic estimates of the remaining costs of an average arbitration. The models based on the best data available with respect to the time and cost of international arbitrations to do so, and the results tend to be rather accurate. These calculators estimate the total cost of resolving a dispute via international arbitration automatically, including administrative costs, arbitrator fees, legal fees, expert costs, and witness costs. They also estimate the expected duration of a given arbitration case.

To get estimate of the cost, you can use ICC Arbitration Cost Calculator to calculate the full costs of ICC arbitration, including administrative and arbitrator fees, legal fees, expert costs, and witness, management and other expenses. It also estimates the average duration of a given case. This is useful as the costs of the ICC’s administrative fees and arbitrator fees typically make up only a small fraction of actual ICC arbitration costs.

As indicated in ICC Publication 843, on average ICC administrative expenses account for only 2% of the cost per ICC arbitration, and arbitrators’ fees and expenses usually account for only 16% of total party costs. The ICC found that the remaining 82% of the cost of arbitration was made up of costs borne by the parties to present their case. The most significant cost in ICC arbitrations is legal fees for external counsel, given the number of hours of work generated per arbitration, and the CIArb Costs of International Arbitration Survey has for instance found that approximately 74% of a party’s external costs are, on average, spent on legal fees.

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