Litigation survival guide - part 14. Mediation - do you have to and why should you?

Parties should always be alert to the possibility of mediation as an alternative form of dispute resolution. This is particularly so in the current economic climate as mediation can resolve a dispute in a short time frame with the potential for an immediate return in money, money's worth or on terms which are not within the power of the court to order. A successful mediation can avoid the risk of an unfavourable outcome, reduce the overall costs of a claim, reduce wasted management time and help to preserve business relationships which would be destroyed by a full-blown litigated claim.

Wragge & Co's dispute resolution experts take a closer look at the value of mediation.