As mediation comes to play an ever-more important role in our legal system, we have been expanding our mediation department. This article looks at why we decided to get ready for the future.
We help you negotiate a settlement that both parties are happy with – so you can carry on with business as usual
Business mediation gives both parties the opportunity to communicate openly and honestly, so they can resolve a dispute fairly, and put the issue behind them. It’s quick, confidential, cost-effective and has an 89% success rate. It also covers a whole range of disputes such as insurance, real estate, shareholder disagreements and more.
What is business mediation?
Disputes in business are inevitable, but if you’re savvy, you’ll deal with the problem as quickly as possible so you can get back to doing the important (and more enjoyable) things.
A business mediation is where you draft in an independent, impartial third-party – the mediator – to guide negotiations towards a conclusion that works for everybody.
The mediator uses their experience, empathy and negotiating skills to manoeuvre proceedings towards a resolution that both parties are happy with. They don’t decide ‘who is right’ – it’s not their job to make a decision. Their role is to help both parties work together, break down important aspects of the case and direct proceedings towards a fair outcome that both parties agree upon.
Learn everything you need to know about family mediation with our ultimate guide.
Is business mediation right for you?
If you’re looking to resolve a business dispute quickly, with an outcome that suits all parties involved, business mediation is an option worth exploring. Business mediation is an option you should explore if you’re looking to:
- Resolve a dispute quickly
- Save money on expensive legal fees
- Keep details and communication confidential
- Take into consideration the opposite sides position/compromise
- Happy to have the help of an impartial third party (the mediator)
If this sounds like you, get in touch with us here to discuss your options and find out more about how business mediation can help you and your business.
Why Choose Mediation?
When trying to resolve business matters, negotiations often come to a standstill. Both parties are passionate, both parties want to be heard and understood, and both parties want a fair outcome. Here are some of the benefits of choosing to explore business mediation:
Inexpensive – Mediation is drastically more cost-effective than going through the courts, and all costs are set in stone so you know what you’re paying from the outset.
Quick – A date can be set within 2 weeks, and the vast majority of cases are resolved on the day of mediation.
Control – Both parties must agree on the settlement, meaning you have direct influence on the final result. In court, you’re leaving your fate in the hands of the legal system.
Repair relationships – Disputes can lead to the breakdown of otherwise prosperous and mutually beneficial relationships. Mediation allows you to compromise, understand each other and repair fractured relationships.
High success rate – 89% of business mediation cases end with a successful settlement.
Confidential – Your mediation is 100% confidential, giving both parties the opportunity to be open, honest and transparent.
How To Start Mediation
Step 1 – Schedule a free consultation
Reach out to us to schedule your free consultation. It’s a confidential chat where we establish whether mediation is right for you and your case.
Step 2 – Agree on a date that suits both parties
Provided both parties are happy to proceed, we’ll prepare an Agreement to Mediate. This explains the rights and responsibilities of the mediator and confirms that both parties have the authority to settle the case. Next, we’ll organise a date and venue for your mediation – this can be in a physical location or via a conferencing call.
Step 3 – The mediation session
This is where we get to work on resolving the dispute. Each party will speak to the mediator individually, where they can share relevant details, points of views and goals for the case. You’ll also be able to conduct joint conversations with the opposing party and the mediator. If a settlement is agreed, your mediator will complete documentation that outlines the terms of the settlement.
How Can Regan Peggs Help?
We’re an experienced team with a commitment to helping our clients resolve disputes in the best way. Our accredited mediators provide you with a confidential, supportive environment to find a resolution.
Meet the Mediators
Solicitor England & Wales – Admitted 2004
Solicitor (non-practising) in Scotland
Regan is an experienced solicitor and advocate. He is a member of the Chartered Institute of Arbitrators with over ten years of experience mediating commercial, family and local political disputes. Regan takes a pragmatic approach to mediation. He listens to the concerns of both parties and uses his legal knowledge and experience to negotiate a constructive resolution.
How Regan Peggs helped directors save their business through mediation
The following case study will show the process of how Regan Peggs helped the directors of a company to reconcile their severe differences and save their company.
How can mediation help in cases of severe conflict?
In cases of severe conflict, mediation can help by providing a safe and structured environment where the parties can air their grievances and come to a resolution. Mediation can also help the parties to identify the root causes of their conflict and develop a plan to prevent it from happening again in the future.
Mediation is an alternative dispute resolution process and it is a great alternative to going to court as the focus during mediation is to preserve relationships. It is a confidential process where a mediator helps two or more people in conflict to try and reach an agreement. The mediator is impartial and does not take sides. The role of the mediator is to facilitate communication and help the parties to brainstorm solutions that will work for both of them.
What was the situation when Regan Peggs was contacted?
In this case, the directors of a company were experiencing very severe conflict that was affecting the running of their business. The conflict had reached a point where the directors were no longer speaking to each other and the company was in danger of going under. Additionally, the directors were on the cusp of taking legal action against each other. It was a very severe conflict, but they had the best interest of their business at heart and therefore they decided to attempt mediation thus Regan Peggs was contacted.
How did Regan Peggs help resolve the conflict?
The main motivation for both of the directors was to see their company succeed. Regan worked with both of them and based on this was able to establish common ground. They worked with Regan who helped them understand each other’s strengths and also their own weaknesses. It was clear that it was beneficial for the director to have a neutral third party involved. They were both very committed to the mediation process for the sake of the company and this showed in the outcome.
What was the outcome?
At the end of the mediation process, the two directors had an agreement about how the business would run in the future, and what their responsibilities would be. They had had a chance to air out their grievances and thus communication was no longer soured by old grudges and they were able to move forward. Crucially, an agreement was also made about what would happen if, at some point in the future, they would fall out again. If it does happen, they will be able to divide the business with a minimum of rancour.
Are you facing conflict in the workplace?
Mediation is a highly effective tool for solving conflict at all levels within an organization. If you are experiencing conflict in the workplace mediation could be the right thing for you. If you would like to discuss your case please get in touch.
How Regan Peggs helped restore trust between counsellors in a political party through mediation
The following case study will show the process of how Regan Peggs helped a political party restore trust between counsellors.
How can mediation help restore relationships?
Mediation is a process that can help people in conflict to reach an agreement. The mediator works as a neutral third party and helps the parties to communicate with each other and find a solution that works for all involved.
Mediation can be used to resolve conflicts between family members, neighbours, co-workers, or any people who are in conflict. It can help to restore relationships by helping the parties to understand each other’s points of view, find a solution that works for everyone, and to communicate better.
What was the situation when the political party reached out to Regan Peggs?
The counsellors in a political party in one city had fallen out. Suspicion and rumour were poisoning the party, and creating a lot of internal issues. The party held power so these internal issues were preventing the party from implementing its policies.
The party had tried to resolve the many internal conflicts itself but had been unsuccessful. The party reached out to Regan Peggs to help resolve the conflict through mediation.
How did Regan Peggs help to resolve the conflict?
Regan invited written submissions from over 30 people from within the party and spoke to each of them in detail. The discussions were highly emotive, and people held a lot of resentment toward each other.
Regan helped the parties involved to see the situation from the other person’s perspective. He also helped them to understand the impact of their behaviour on others, and to see how their behaviour was affecting the party as a whole.
It took a considerable leap of faith for all involved to buy into the process, but eventually, they did.
What was the outcome?
Regan helped the parties to understand each other’s points of view and to see the situation from different perspectives. After taking the leap of faith and trusting the process most of those involved found the process to be cathartic. Simmering grievances were either found to be unfounded or had the poison drawn from them.
Finally, Regan drafted written recommendations to the party executive about the changes required to ensure that things got back on track.
Is mediation right for you?
If you are in conflict with someone either in your private life or in a professional setting, and you want to try to resolve the conflict without going to court, then mediation might be right for you.
Mediation can be a cost-effective and time-saving way to resolve conflict. It can also help to restore relationships by helping the parties to understand each other’s points of view, find a solution that works for everyone, and communicate better. If you would like to discuss whether mediation could be right for you, please get in touch.
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Business Mediation Articles
Got a specific question about our business mediation services? Browse our selection of useful articles below, or get in touch if you can’t find what you’re looking for – we’re always happy to discuss your case, and will either help you directly or refer you to someone who can.