Many individuals underestimate the costs involved with filing a lawsuit. During business litigation in Newport Beach California, each party may spend thousands of dollars on legal fees and court costs before the case is finally resolved. But why is business litigation in Newport Beach California so expensive?

The majority of parties involved in business litigation cases hire attorneys to represent and protect their interests, which is a wise decision. Most business litigation attorneys charge an hourly fee for their services. This hourly fee may be in excess of $300. Therefore, a 15-minute phone call would cost you $75.00. Imagine the expenses involved if a case drags on for several months.

Additionally, business litigation cases often require consulting with experts. For example, accounting experts may be consulted to determine how much financial harm a dispute caused to a business. Expert witnesses also usually charge hourly, and if they live on the other side of the country, their travel expenses are billed to the party that hired them.

Preparing for trial is another enormous expense. Thousands of documents must be copied, exhibits must be created, and your attorney must interview several witnesses. In most cases, you will be responsible for these expenses.

Instead of spending a fortune on legal fees and court costs, consider mediation. Mediation is an out-of-court process that encourages the parties to settle their case. It is much less expensive than court. Often, a mediator’s fee is only a few thousand dollars, a fraction of what court would cost.