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This chapter discusses the development of international arbitration over time. One of the most characteristic features of this development has been the professionalization of international arbitration, which is evident in legal education, with international arbitration now being taught in various universities; in the way law firms organize themselves in international arbitration groups; in the practice of international arbitration institutions; and in the increasing activity of professional organizations. This development not only leads to an increasing institutionalization, but has also had the effect that arbitration increasingly resembles the judicial process that we are accustomed to from the domestic context.
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