The International Academy of Collaborative Professionals recently released the results of a survey of 933 collaborative divorce and family law cases. Collaborative divorce is a process by which parties, instead of going to court to litigate, agree to a private framework that lends itself to developing more creative options for financial, child custody, and other family issues. Most times, a neutral mental health professional/communication coach and a neutral financial professional are engaged to facilitate and lend their expertise to the process.
The survey was conducted from October 2006 through July 2010, and these results were compiled in the Spring 2012 edition of The Collaborative Review: The Journal of the International Academy of Collaborative Professionals (“IACP Research Regarding Collaborative Practice (Basic Findings)” by Linda Wray, J.D.):
- 58% of husbands and 59% of wives were between 40 and 54 years old;
- Over three-quarters of all clients had a 4-year college education or higher;
- In the majority of cases, the clients’ combined assets were valued at $200,000.00 or more;
- The majority of collaborative cases involved children;
- Almost 60% of cases were completed in eight months or less;
- 86% of cases settled with an agreement on all issues, while 2% of cases were resolved by reconciliation of the clients;
- The average number of face-to-face meetings between both clients and one or more professional was 2, with the average meeting lasting about 2 and a half hours;
- The average total cost for all collaborative professionals was $24,185.
If you have questions regarding collaborative divorce and you wish to speak with a trained Collaborative Attorney, contact The Law Firm of Adam B. Cordover, P.A., at (813) 443-0615 or by filling out our consultation form.
Attorney Adam B. Cordover is on the Board of Directors of the Collaborative Divorce Institute of Tampa Bay and is a member of the International Academy of Collaborative Professionals.