Choosing mediation over litigation will not only save time, but a quick solution to the problem could end up saving you thousands of dollars lost through delays. When you are looking to hire a mediator to assist with your case, there are several of things to look out for.
First off, mediation is the process where the mediator, which is the third party, helps to settle a dispute with a solution that is mutual to both parties. Although they are not utilized as much, they can help bring a swift close to the problem at hand.
For a private mediation to be successful, realistic goals and evaluations must be set. An outcome that strays far from reality will only delay the process as well as cost you more money, as some mediators charge for the day. Another thing to keep in mind is that your mediator should come up with a solution that best benefits both parties. If an offer is one-sided, problem can occur in the future causing you to go back to square one. There is a high chance a settlement will not be reached as well.
While every mediator’s style is different, there are some qualities and traits that you should look out for. Some take an approach of a therapist, guiding you along the process. Others may have an evaluative approach which bangs out the details until the deal comes to an end. Known for a more aggressive approach, solutions can end up being found quickly or ruin the entire negotiating process. Then you also have the hands-off style which the mediator inclines the parties to work out their issues and come up with solutions by themselves. Inquire about the interim short term management services that are available for more insight on your case.
Bio: Lyle Charles is the founder of Lyle Charles Consulting, a firm that provides expert opinions and analysis within the construction industry.