Most of us know by now that there is normally an anchoring bias associated with the first offer in negotiations. If the first offer for a house or to settle a dispute is $300,000, the first offer of $300,000 becomes an anchor with counter offers being above the offer if you are a seller and below the offer, if you are a buyer. Let us say that you are the seller and after consulting a real estate … [Read more...]
Welcome to the Gregory Negotiation Report
"The purpose of the Gregory Negotiation Report is to help attorneys become better attorneys and more effective negotiators."
Attorney & Mediator
Preparation is essential to a successful negotiation. A critical part of preparation is to determine your alternatives to a negotiated agreement. What is your BATNA, best alternative to a negotiated agreement, or your best day in court? What is your WATNA, worst alternative to a negotiated agreement, or your worst day in court? What is your RATNA, realistic alternative to a negotiated agreement, … [Read more...]
This month's report is an article by Katie Shonk, Program on Negotiation, Harvard Law School. Katie explains that you must learn these skills to succeed. The most effective negotiators both create value and claim value. Analyze and cultivate your BATNA. In both integrative negotiation and adversarial bargaining, your best source of power is your ability and willingness to walk … [Read more...]
This article is taken from one by Katie Shonk in September 2017, from the Program on Negotiation at Harvard Law School. Everything in this article is applicable to a divorcing couple. Family conflict can be a real threat when relatives do business with one another. Negotiations between family members can result in hurt feelings, damaged relationships, or simply the nagging feeling that a … [Read more...]
This article is by Katie Shonk, from the Harvard Project on Negotiation When parties involved in a serious conflict want to avoid a court battle, mediation can be an effective alternative. In mediation, a trained mediator tries to help the parties find common ground using principles of collaborative, mutual-gains negotiation. We tend to think mediation processes are all alike, but in fact, … [Read more...]