SIGN IN YOUR ACCOUNT TO HAVE ACCESS TO DIFFERENT FEATURES

FORGOT YOUR PASSWORD?

FORGOT YOUR DETAILS?

AAH, WAIT, I REMEMBER NOW!
  • LOGIN

Mediators Brisbane

  • Mediators Brisbane
  • Mediation Services
    • Family mediation Brisbane
    • Real Estate mediation Brisbane
    • Workplace mediation Brisbane
    • Workcover claims Brisbane
    • Personal injury claims Brisbane
    • Commercial mediation Brisbane
    • Business mediation Brisbane
    • Will & Estate mediation Brisbane
  • Arbitration
  • About Us
  • Blog
  • Training
  • Contact
Call - 1800 803 903
  • Home
  • Blog
  • Why Mediations are better than the alternative.
 

Mediators Brisbane Blog

Monday, 25 February 2019 / Published in Blog

Why Mediations are better than the alternative.

We all have heard of the stories where parties have litigated a matter for 4-6 years and have paid lawyers, experts and others up to 1-2 million dollars to litigate and have their matter go through a trial.

 

Studies show almost 90% of mediations reach resolution in a timely and cost effective way.

 

There was a recent commercial dispute regarding money owed which was litigated for over 5 years in the courts. I had mediated the matter early on.  At mediation, the party that was owed the money had agreed to take a significant reduction in the sum initially requested. The other party refused and responded with a final offer that was 40% less than what the first party had requested. The party insisted that they would not pay anything near what the owed party had requested. The matter ended up going to trial and the party that owed money lost and ended up not only paying his lawyers more than what was initially requested, but ended up paying the other party almost twice as much.

 

If they had resolved the matter at mediation, both parties would have saved hundreds of thousands of dollars and 4-5 years of time, stress, frustration, anger and effort to litigate and try the matter.

 

During the mediation, I asked the party who owed the money what the worst case scenario would be if the matter proceeded to trial. Unfortunately, the party did not agree to resolve the matter and the worst case scenario occurred.

 

What you can read next

Blog 11, THE MEDIATION EXPERTS – Eighth Trait
The joy of mediation
Why The Mediation Experts As Your Mediator

Recent Posts

  • Dealing with Challenging Clients and Lawyers: The Four Agreements

    Farley was once again invited to give a present...
  • The Art of Dealing with Difficult Clients and Difficult Lawyers

    The Art of Dealing with Difficult Clients and D...
  • Mediation with Donald Trump

    As a US expat, I am on average asked 3 or 4 tim...
  • The joys of mediation

    I have devoted my life in assisting people to r...
  • Mediation & mindfulness work in synchronicity

    At first glance, mindfulness and mediation are ...

Archives

  • February 2019

ABOUT US

The Mediation Experts is an alternative dispute resolution organization with a team of professionals who assist parties to resolve disputes/conflict and/or issues efficiently, quickly and effectively, without the stress, expense and unknown result of litigation. The Mediation Experts assists parties in identifying and explaining their issues, exploring the issues, discussing options and seeking a mutual resolution.

CONTACT US

1800 803 903

CONNECT WITH US

SHARE

  • Mediators Brisbane
  • Mediation Services
  • Arbitration
  • About Us
  • Blog
  • Training
  • Contact

Designed & developed by Wollopit.

TOP
CALL FREE
SMS
EMAIL