What is the difference between Mediation, Arbitration and Litigation?
Many companies use arbitration to cut down on attorney time with the belief that it is more cost effective than a litigated case. Arbitration permits the parties to stipulate, or agree on, certain facts and virtually eliminates briefs, discovery, and the endless reliance on expert testimony and counter-testimony. But the contending parties often waste prodigious quantities of time, money, and energy by reverting almost automatically to the habits of litigation.
