Arbitration in Toronto: An Economic Study

Consultants at Charles River Associates (CRA) studied the economic impact of arbitration activity in the City of Toronto and provided a forecast of the future economic significance for the city. CRA estimated approximately 425 arbitrations will occur in Toronto in 2012 with an economic impact on the economy of $256.3 million. Toronto-area lawyers active in arbitration were surveyed to understand the volume of arbitration activity and associated expenditures in the city, including the number of arbitrations, costs, and expected arbitrations for 2013. CRA conducted the study for Arbitration Place, an international arbitration center in Toronto.