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Fees for arbitration are dependent upon amount in controversy, number of parties, complexity of case, and forum for the hearings. An Estimate of Mr. Hoover's fees is as follows:

 

SCHEDULE OF MINIMUM FEES PER ARBITRATION DAY (Monday thru Friday *)
Per Diem

Study Time/
Deliberation

Preliminary Hearings

Ad Hoc Retainer

$3,600 (2 party case)
$4,000 (3 party case)
$5,000 (4+ party case)
$450/hr $450/hr

Required In Advance

 

*Weekend arbitrations will be charged an additional amount per party to be determined by the Arbitrator for heating and air conditioning charges and other administrative expenses.

FORUM FEES
Depending on the locale and forum for the arbitration, forum fees may vary. Generally, the arbitrator's out-of-pocket costs for hearing rooms and refreshments are charged and divided equally to the parties to the arbitration.

CANCELLATION POLICY
Late cancellation of arbitrations causes a variety of problems for all concerned. To minimize this problem, the following late cancellation policy will apply: If an arbitration final hearing is canceled twenty (20) or fewer business days prior to the scheduled arbitration date, a cancellation fee will be charged to the canceling party(s) based on the number of actual days that were canceled.

TRAVEL EXPENSES
Actual expenses incurred for travel, lodging and meals (and other travel related expenses) will be charged and divided equally among the parties, i.e., no mark-up. Air travel is via First Class.

Effective: 8/2016