However a corporate client will have several other costs to factor which I describe as "iceberg costs."
Typically these impact on management time with CEDR estimating in 2006 that cost of conflict to UK business to be exceeding £30 bn a year.
- Damage to company reputation of litigation
- Loss of customers
- Damage to Company morale
- Missed opportunities and diversion of management time
In my view it is these costs rather than the pure legal costs which give incentive to mediate and give the case to think about mediation.