Centre for Effective Dispute Resolution
The key finding from the 2018 CEDR Mediation Audit for the UK is that 12,000 commercial mediations (excluding small claims mediations) were performed in the last 12 months, an increase of 20% on 2016.
The biennial audit shows that in the last 12 months GBP 11.5 billion worth of commercial claims were mediated and that through mediation this year businesses will save GBP 3 billion in wasted management time, damaged relationships, lost productivity and legal fees. As a profession, Mediators and Service Providers in the last year earned GBP 30 million giving a 100:1 return on investment for the UK economy.
The results of the Audit, which is conducted every two years, were announced at a special event at Norton Rose Fulbright last night in London. The Audit received 336 eligible respondents from practicing mediators and was conducted alongside a survey of lawyers who use mediation, giving a useful...