Numerous international Arbitration hubs exist in different countries and main international arbitration hubs exist in Dubai, Singapore, Paris, London, Hong Kong, and Washington, where many lawyers practicing international arbitration are found in the same city. Many other cities are also planning to become international arbitration hubs today.

International arbitration lawyer

International arbitration is a unique field of Legal practice in which arbitration lawyers can be based anywhere on the planet. Any lawyer from any country can practice international arbitration and there is no legal monopoly granted to arbitration lawyers in the same way that legal monopolies are granted to lawyers before domestic courts.

 The distance between a client and an international arbitration lawyer becomes far less relevant with the advent of videoconferencing technology, online document collaboration and other technologies. Even more work clearly has to be done via e-mail when counsel and clients are more distant. However, more travel expenses might need to be paid for distant counsel to get to a place of a hearing when they are based in different cities, but there are relatively few hearings in international arbitration and this represents a tiny fraction of the overall cost of arbitration.

While some clients like to think of arbitration legal representation as a luxury product, those businesses that are concerned about maximizing value for legal expenditures should, in principle, gravitate to selecting the best lawyers in countries where they can receive the best arbitration legal services at the lowest cost, which is possible due to the international nature of the practice. The practice of international arbitration should be exposed to far more price competition over time than other legal practices that are protected as legal monopolies, allowing legal services to be provided only by lawyers who are members of a particular bar.

The global hub for international arbitration depends on number factors. For instance, Paris is likely to remain a hub of international arbitration due to the location of the ICC despite its inherent cost disadvantage. It is sure that Western Europe has a number of challenges ahead to remain the leading global hub of international arbitration.

Other Important Factors in Arbitration

One of the most important factors is so-called tax-wedge, which is the combination of taxes and social charges paid by lawyers, and then passed on to clients, who are not being taxed based on worldwide income. European countries such as Belgium, France, Germany, Austria, and Italy have the largest “tax wedge” by far (the combined costs of taxes and social charges).

For more information, you can contact Aceris Law’s France arbitration lawyer desk. They have access to all French jurisprudence and doctrine, while speaking French and English, which are languages commonly used in disputes concerning France. They have significant prior experience with arbitrations involving France. Their dedicated team of lawyers at Aceris Law are specialized international arbitration law firm, which accompanies clients involved in arbitrations concerning France, i.e., where French law applies, a contract is executed in France, the dispute is brought by or against a party in France, or the French State or a French State entity is involved.