Master of the Game – Watching an Old Pro Lead the Dance at
Mediation
I’ve
worked in the insurance industry for more than 30 years and have developed
certain advanced skills at the art of mediation. But today I had the privilege
of watching a master of the game bring a day of negotiations to the conclusion
we’d had little expectation of achieving. It was a long, tedious battle
involving strategic planning, intestinal fortitude, knowing how the deck was
stacked, exploiting relationships and patience.
This is not a game or the faint of heart.
Because
of confidentiality agreements and discretion, I will not disclose the names of
any participants; however, I will state that the negotiators involved are all
tough, experienced veterans of high stakes games. And I call it a game because
mediation is similar to a chess match or a game of poker. Which piece do I move and where do I move it?
Do I reveal my cards or hold them close to the chest? It is critical to know
when to hold them and know when to fold them.
Today
the cards were stacked in our favor. But, that is not always the deciding
factor in a negotiation. There is a lot of nuance involved in a negotiation
process. Today I learned a lot about the significance of long-term
relationships and leveraging credibility. The participants in this mediation
were all smart, well- prepared, ethical, legally astute individuals with the
ability to separate the wheat from the chaff. The case involved allegations of
malpractice by litigators. It happens because professionals have bad days or
weeks or months or years. We all make mistakes. But sometimes those mistakes
cost others a lot of money. In this case, two insurance companies paid a lot of
money because of adverse rulings that the insurers believed resulted from the failure
of the law firm to act with a reasonable standard of care.
After
hours of failing to engage in any meaningful negotiations, the mediator brought
the two adversarial chief negotiators together, individuals with a relationship
spanning 20 years. They met in a conference room, set forth their positions,
the pros and cons, and weighed the evidence. The master had the upper hand and
played it beautifully. The parties retreated to their conference rooms. We
waited. And waited. And ultimately, an agreement was reached. It was masterful
to watch.
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