Mediation Preferred (CT Law Tribune)
May 14, 2007
Monday, May 14, 2007
Mediation is the most powerful method to resolve complex business disputes outside of court, a nationwide survey of 126 corporate counsel and their law firms has found. The poll was conducted by the International Institute for Conflict Prevention & Resolution (CPR Institute), a nonprofit alliance of global corporations, law firms, scholars and public institutions. Survey participants cited “cost savings” and “speed” as the primary reasons for their preference. Law firm respondents were more concerned about the risks of confidentiality and that mediation would convey weakness than were corporate lawyers. Surprisingly, a major hallmark of mediation, that it alone provides the ability to maintain and improve relationships despite a dispute, scored low in importance for corporate counsel.
“The results of this survey confirm that mediation remains a dominant feature in the legal landscape,” said Kathleen A. Bryan, CEO of CPR Institute. “With approximately 98 percent of cases settled before trial, it is evident that corporate counsel understands the value of the ADR tools available to them.”
Posted with the permission of The Connecticut Law Tribune.
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