The cost of commercial litigation has risen steadily over the past decade, with average litigation expenses for mid-size business disputes now exceeding $150,000. For many businesses, especially small and mid-size companies, these costs can be existential.
Mediation offers an alternative that is faster, less expensive, and often more satisfying for both parties. Unlike litigation, which is adversarial by nature, mediation is a collaborative process facilitated by a neutral third party who helps the parties reach a mutually acceptable resolution.
The statistics strongly favor mediation. According to the American Arbitration Association, over 85% of commercial mediations result in settlement. Most mediations are completed in a single day, compared to the 18-24 months typical of commercial litigation in Nevada courts.
Mediation also preserves business relationships. When two companies are locked in litigation, the relationship is effectively destroyed. Mediation allows parties to find creative solutions that address underlying business interests, not just legal positions.
However, mediation is not appropriate for every dispute. Cases involving fraud, intellectual property theft, or the need for injunctive relief may require the authority and enforcement mechanisms of a court. A litigation attorney can help you evaluate whether mediation is strategically appropriate for your situation.
At Meridian Law Group, we regularly represent clients in both mediation and litigation. Our approach is always to seek the most efficient path to a favorable resolution, whether that means negotiating at the mediation table or advocating in the courtroom.