When both parties agree that their dispute can be resolved without litigation or going to trial, they’ll begin the process of alternative dispute resolution. There are different types of alternative dispute resolution. Depending on the solution you are looking for, you could go through mediation, arbitration, or collaborative law.
Alternative dispute resolution is usually more beneficial to all parties involved than traditional litigation. Here’s why.
Less Time-Consuming
During the pandemic, courtrooms had to make changes to their operations to ensure everyone’s safety. Many criminal trials were put on hold and all trials had to be held virtually. As a result, courtroom cases are now backlogged and it could take much longer than usual for your case to be heard. Even before the pandemic, litigants generally had to wait longer to have their dispute resolved in court than agreements reached through ADR.
Cheaper
Preparing for a courtroom trial can be very expensive and you may not be happy with the outcome. Alternative dispute resolution can be far less expensive because it does not necessarily include discovery and you may not have to prepare for a formal trial. When both parties are willing to work toward a resolution, they can avoid the expense of preparing for trial.
Both Parties’ Needs Are Addressed
Those involved in a trial have to go through a costly and time-consuming process and accept the possibility that the judge or jury will rule against them. Alternative dispute resolution provides both parties with the opportunity to have a say in how their dispute is resolved. Alternative dispute resolution also gives the parties the opportunity to find creative solutions that cannot be ordered by a court.
If you have a dispute that you believe can be resolved through mediation, arbitration, or collaborative law, you should contact an attorney to discuss your options.
Gaslowitz Frankel LLC is Georgia’s premier fiduciary litigation law firm. The firm has earned a reputation for excellence across Georgia and the Southeast in providing representation to individuals, executors, trustees, investors, shareholders, and financial institutions in complex fiduciary disputes involving wills, estates, trusts, guardianships, conservatorships, businesses, and securities.
