The London Court of International Arbitration (LCIA) has published its third costs and duration analysis, covering arbitration cases from 1 January 2017 to 12 May 2024. The report reveals that the median LCIA arbitration costs $117,653 and lasts 20 months, with tribunals taking four months to produce awards. Notably, cases with claims under $1m are resolved in just 12 months. The analysis demonstrates that LCIA arbitration costs are lower than those of compared institutions across most dispute amounts, particularly for larger cases. Despite a slight increase in median costs from the previous report, overall costs and duration have remained relatively stable since 2017. The study also acknowledges the potential impact of coronavirus (COVID-19) on case duration, though further analysis is required to fully assess its effects.