Though there is a great distinction between both of them, Arbitration and mediation are legal terms used in legal and friendlier reconciliation and dispute resolutions between two different parties.
The arbitrator or a mediator who wants to settle the rift and differences between the two parties involved must be of the completely neutral party. It meant that should not have any relationship or some kind of attachment to one of the two parties involved as this will ensure that his integrity will not be at stake and his decision will be acceptable to both.
An arbitrator and a mediator are expected to be professional in a legal institution so as to ensure they-they don't detail what is legal to illegal. Arbitration and mediation lawyers are also apt for this case as that is their own area of specialization in the legal system. The similarity between a mediator and an arbitrator is that even though, they can be professionals in the legal system, they could be some judges, attorneys, lawyers, they still can't give a verdict when they mediating, in as much as arbitration and mediation does not involve a legal trial.
The primary objective of arbitration and mediation is to facilitate conflict resolution by the ordinary introduction of a neutral arbitrator or a mediator so that it won't proceed to trials in the law court. If however, agreement, resolution, and reconciliation could not be reached after this process of third-party intervention that is arbitration and mediation, then the case could now be filed as a lawsuit and legal trials will be resorted to.
On the other hand, if the intervention of arbitration and mediation lawyers was successful and the two parties come to term and reconciled, then, there wouldn't be any need for legal trials again. Mediation lawyers, as well as arbitration lawyers, only try to create enabling an environment for negotiation between two parties in the rift. This intervention stops the further process of the law if it is efficacious.
One of the differences between an arbitrator and a mediator is that in the case of the former, you can have more than one person to do it while a single person is enough for the latter. In the case of arbitration where more arbitrators, a majority vote is usually employed to choose an arbitrator that his decision will be used. This is not applicable however in mediation because it is only one mediator at the onset.
Arbitration and mediation have found a comfortable position in our legal institution today because it has helped to settle differences in people and it makes sure litigation is not initiated which is one of the ways one can file a case of accusations. Legal practitioners are now advocating for arbitration and mediation for settlement of minor issues as an amicable reconciliatory process. And specialization on this aspect of the law is becoming highly encouraging as we now have more than a handful of arbitration lawyers and mediation lawyers who are always ready for professional intervention in the issues of arbitration and mediation.