Litigation is an expensive alternative to arbitration and, as a result, many people choose to seek arbitration because it’s a less costly option. However, litigation can be a time-consuming process and there are several steps that need to be taken, such as conducting informal discovery, taking depositions, and qualifying witnesses for cross-examination. This is because the arbitration process can be a lengthy and complex one, and the result can affect all parties involved, even after it’s completed.