Mark Felger discusses the impact the COVID-19 pandemic has had on the practice of bankruptcy law in Law360. Until the onset of the pandemic, bankruptcy attorneys relied heavily on in-person meetings and negotiations to come to achieve a consensus. Mark, who maintains a mediation practice, had initial concerns of conducting mediations virtually and losing the in-person element of the proceedings and statistics supporting the success rate of in-person proceedings versus telephone mediation.
"The first Zoom mediation I did, I went in with a lot of trepidation, but we got it settled," Mark said. "I've probably done 20 to 25 Zoom mediations, all bankruptcy matters, and my settlement rate has been about the same as for in-person mediations."
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