For organisations facing disputes, litigation remains, in most cases, the default option. Nevertheless, it can be expensive, time-consuming and public. The unavoidable drain on management time and company morale add to the burden.
As a result, today, more FTSE 250 and Fortune 100 companies than ever use mediation and arbitration, among other tools, to resolve disputes privately away from the courts. ADR offers flexibility of outcome, capping of risk, and legal cost savings when used to best effect.
While there are few certainties in the field of commercial dispute resolution, it can be said that companies which fail to understand the potential and possibilities (as well as the pitfalls) that mediation and arbitration processes offer, will likely achieve suboptimal, unsatisfactory outcomes in their disputes.
To discover how ADR can help your organisation achieve effective and cost-efficient dispute resolution, download our eBook on the topic, Litigation in Review or get in touch to discuss your situation.