Mediation: Day Two
Although mediation is generally considered to be less expensive than a full trial, this assumes the mediation is successful. An unsuccessful mediation can be costly and still fail to save any litigation costs. In a mediation, the parties pay for the mediator’s time in reviewing statements, preparing for the mediation, and attending it. Parties also need to calculate their own lost time and pay for the costs of their attorneys to draft the mediation statements and attend the mediation. Accordingly, for litigants on a budget, mediation has definite costs but uncertain benefits.
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