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Although cost should not be the sole reason for choosing mediation, the savings can increase the viability of mediation as a choice in dispute resolution.
Mediation is typically the most affordable solution to resolve a dispute. Below are some explanations for the savings – and are true for CFR Mediation Services, but may not be true for other mediation providers.
- Hourly mediation rates are typically less than the combined hourly rates of attorneys for each side. At times the total hourly rate may be less than a single attorney’s hourly fee.
- Fees are only charged for mediation time – not time spent sitting in court waiting to update the judge on the case, reading correspondence, making phone calls, etc. If you pay for 6 hours of mediation, you get 6 hours of actual meeting time focused on resolution.
- The agreements reached in mediation have a much higher level of compliance and adherence than non-mediated agreements. This results in a future savings: since the parties continue to adhere to the plan (and likely improved communication skills with one another), there is less need for future litigation.
- Mediated agreements are reached much faster than those worked out by attorneys or judges. Agreements in mediation are generally considered binding. Most cases can be fully resolved in 6 to 10 hours of mediation. It is rare that cases presenting with the same issues would be successfully resolved through other means, like litigation, so quickly.
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Additional Reading:
- Why Choose CFR Mediation
- Cost of Mediation
- Why Couples Splitting Should Try Mediation
- Desired Outcomes in Mediation
- Mediated Agreement: A Binding Contract
- The Problem With Litigation
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Tags: CFR, cost, Litigation, Mediation, savings
