Indeed commercial arbitration has become a very exciting field for many professionals around the world. But of course, it is not always clear how to prepare to take part in a process like this, which makes people pay attention to so many different details. For that reason, this post will be devoted to give you some tips to prepare for your next arbitration process, or at least to have certain ideas in mind that may help you to understand the process from a different perspective, and hopefully become more successful in it.
The most important, and perhaps more enjoyable way, to get some practice and learn a lot about this exciting field is to participate in as many moot courts as possible, either as a law student or as a professional lawyer. Moot courts have been literally for centuries a crucial strategy for law students to become successful lawyers. They should not be confused with mock trials, where the important point is to prepare for situations in which a lawyer has to face a jury trial or a bench trial. Moot courts refer particularly to situations in which a lawyer has to face appellate courts and arbitral cases, and that is why they are perfect for law students to learn not only about the more conceptual and theoretical part of an arbitration process, but also about other important factors having to do more with the social dynamics and environments of this sort of processes. A student may find a lot of aspects that may result very interesting for him or her in his or her formation as a lawyer.
But whether you are a law student or a professional lawyer already, you should always keep in mind certain aspects that will surely contribute to the success of your performance in an arbitration process. These aspects can be summarized in the following four steps.