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The conventional wisdom is that lump sum awards are justified by the nature of arbitration.
Another argument is that lump sum awards promote finality, and that is indeed one of arbitration's most desirable features.
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Moreover, a lump sum awarded by a court cannot be invested so as to provide a secure inflation-protected income for life.
The "lump sum award," as it is known, is very different from a court decision.
The usual assertion is that the lump sum award format promotes flexibility.
Reasoned awards provides some sunlight; lump-sum awards offer only darkness.
And, mostly because lump-sum awards are traditional in arbitration, courts are OK with them.
Arbitrators can hide their pre-conceived views, biases and even ignorance or incompetence behind lump-sum awards.
And it's the company's approach — having colleges and universities (including my alma mater, Oberlin) award "micro-scholarships" for academic and extracurricular achievements throughout high school rather than doling out lump-sum awards after a student applies to their school — that has attracted $12 million in new venture capital financing to expand the service nationwide.
Public hospitals provide medical treatment, and lump-sum awards may be granted for permanent impairment.
A "strange aspect" of the case, she said, was that "a single lump-sum award, instead of incremental awards" to publicly financed candidates would be constitutional.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com