Here’s some information I gleaned from a recent NACVA Quick Reads article. Research shows that less than 3% of all cases filed make it to trial. Mediation has played a significant role in resolving many disputes before they wind up in court. The settlement rate for mediations is around 80%. There are several factors that can greatly increase the settlement rate for mediations. They include:
- -Timing – The earlier a mediator is brought into the process, the higher the settlement rate
- -Preparation – The more all parties involved have prepared, the greater the chances of a favorable outcome
- -Mediator – A mediator who is trained and experienced with similar cases increases the chances for a settlement
Read the article on NACVA Quick Reads.
