CHARLESTON, SC—Womble Bond Dickinson attorney Jim Myrick continues to address commercial litigation issues in a series of short videos with Charleston CEO. In this latest video, Myrick discusses current trends and strategies in the commercial litigation arena.
One key trend Myrick sees is an increased focus on arbitration and other alterative methods of dispute resolution. Traditionally, disputes were resolved in the courtroom—and that could be both lengthy and expensive. But arbitration can be an effective tool to reduce litigation costs, resolve disputes in a more timely manner, and limit a company’s exposure to damages.
“Don’t get me wrong – (an arbitration case) has to be thoroughly prepared. You’ve got to really spend time knowing what the issues are,” Myrick said. “You’ve got to really understand the position of your opponent, both its strengths and weaknesses, and communicate that to your client so they can make a business decision about how they want to proceed.”
The first video in the series dealt with Alternative Dispute Resolution (particularly arbitration) clauses in contracts. Click here to watch Jim Myrick discuss those issues with Charleston CEO. And stay tuned for more short videos on litigation issues from Jim Myrick and Charleston CEO.
Jim Myrick is a veteran litigator with more than 30 years of experience in commercial, personal injury, products liability, environmental and land use disputes. Myrick has argued appeals before the South Carolina Court of Appeals, the South Carolina Supreme Court, and the United States Court of Appeals for the Fourth Circuit. He currently serves a Managing Partner of the firm’s Charleston office and is a member of Womble Bond Dickinson’s Firm Management Committee.