Contracts
Comptroller Agreements: The primary contract affected is the arbitrator’s agreement with the Comptroller. To maintain eligibility for renewal, the arbitrator must provide proof of education.
Employment Agreements: If your firm employs arbitrators, update internal professional development policies to reflect that standard CLEs now satisfy this regulatory requirement, potentially reducing training overhead.
Hiring/Training
Training Strategy: Attorneys serving as arbitrators can now "double-dip." You may align your State Bar CLE requirements with the Comptroller’s arbitration requirements. Ensure that selected CLE courses specifically cover arbitration and alternative dispute resolution (ADR) procedures.
Reporting & Record-Keeping
Documentation: Shift record-keeping practices to retain State Bar Course Accreditation numbers and CLE certificates of attendance.
Verification: Compliance officers must verify that the course was formally approved for CLE credit at the time it was taken.
Fees & Costs
Budget Impact: Positive. This legislation likely reduces costs for attorney-arbitrators by allowing them to satisfy two regulatory requirements (State Bar and Comptroller) with a single set of courses.