Industry Analysis & Industry Trends
Conflict is this industry's gold
The Alternative Dispute Resolution Services industry is dominated by companies such as JAMS, the American Arbitration Association and ADR Systems. The industry provides an alternate means (as opposed to legal action) of resolving disputes. Demand for alternative dispute resolution services depends partly on the amount of time and expense saved compared to traditional litigation. Having an experienced workforce is a key success factor in the industry. Companies typically employ attorneys and former judges. Revenue grew strongly through the recession and will continue to do so as the economy recovers.... purchase to read more
Industry Report - Industry Analysis Chapter
The Alternative Dispute Resolution Services industry specializes in four types of services: negotiation, mediation, collaboration and arbitration. While the specific client needs and related tools may differ, the end goal in each case remains the same: conflict resolution. Prospective clients approach alternative dispute resolution (ADR) firms mostly to resolve disputes without having to go to court, but some court actions do mandate an attempt at ADR. In these ways, ADR serves as an alternative to the often costly and drawn-out trial process. The key drivers of this industry's success include the overall demand from law firms, the number of businesses and unemployment and divorce rates. Thr... purchase to read more