The costs of mediation are much lower than those of litigation, assuming the mediation is successful. Even if the dispute is not resolved on the day, at the mediation, the issues raised are often sufficient to form the basis of a later settlement.
Chambers offers mediation facilities for costs which are proportionate to the amounts in dispute, though in low value cases of complexity the costs may be higher.
Costs will generally be as follows:
- £5,000 or less: £200 for 2 hours
- £5,000 to £15,000: £350 for 3 hours, or £650 for 5 hours
- £15,000 to £100,000: £1,250 for 1 day
- £100,000 to £500,000: £1750 for 1 day
- Above £500,000: negotiable, in line with the above fee structure.
Quotes for the cost of the services of a mediator for the day and for the hire of rooms in which the mediation can take place can be obtained from the Clerks.
Room hire is arranged separately, at a venue convenient to the parties, which can often be the offices of one of the Solicitors (if the parties have instructed them), or the offices or home of one of the parties.
0117 906 9789