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Where does international justice draw its authority in an international scene largely driven by self-regulated professional markets for the settlement of transnational disputes? To revisit this classical debate, this article connects the professional and social structure of dispute settlement mechanisms to their social credibility among users of international justice. Drawing on extensive biographical databases, it suggests that the growth of investor-state disputes is favoring a shift from a professional market shaped by scholarly insiders to one dominated by corporate legal elites. It links this dynamic of the field to the contrasted development of the scholarly meritocracy of international adjudicators, and the model of the Wall Street law firm that sustains the expansion of private arbitration. These changes are further reflected in growing alignments within the wider marketplace of users of international justice to structural changes in the global economy that favor the expansion of flexible strategies of dispute settlement.

The Social and Professional Structure of International Justice: From Scholarly Insiders to the Pull of Multinational Corporate Law Firms