We offer a national fixed fee settlement agreement service for businesses, with out-of-hours response times, free initial consultation, and telephone and email support as required. The service is aimed at businesses across the country who want an efficient, professional and safe conclusion of their agreement from a trusted specialist employment law firm.
Our fixed fee approach to legal costs.
We act for a range of micro, small and medium-sized businesses, some of whom may be experienced in executive terminations but require additional advice and support, to those who have a limited HR function and require more in the way of guidance and hand-holding. In each case we use our considerable experience in the area to help you conclude an agreement that is cost-effective and watertight.
Appropriate in cases where you require a legally compliant agreement or a review of the wording of your existing agreement, together with advice on how to structure the financial package and the mechanics of initiating the offer.
Appropriate for a fast, agile approach to sensitive and/or senior executive terminations, including a fully worded agreement and HR support focusing on issues associated with protecting the business interests.
TAILORED LEGAL AND HR SUPPORT
Appropriate in cases where we are instructed to provide tailored legal advice and support from drafting a detailed agreement right through to navigating a safe, cost-effective and commercial resolution.
£175 per hour
How we finalise a settlement agreement for employees.
We ask for an electronic copy for initial perusal, arrange client set up and agree terms.
We identify the legal issues and take a commercial, pragmatic approach to the offer made.
We advise on the terms and effect of the amended draft agreement.
We arrange a meeting with you in person or by telephone, normally within 48 hours.
Subject to your instructions, we identify any need for the agreement to be amended.
Signatures and exchange. We invoice the employer directly for their agreed legal costs.
Employers > Frequently Asked Questions.
What level of contribution to legal costs should be included in the agreement?
Contributions across employment and geographic sectors typcially range between £250.00 plus VAT and £500.00 plus VAT, depending upon the level of seniority, complexity and settlement sums involved.
Should the business offer to make a contribution to the employee's legal costs?
We typically advise employers to limit the costs contribution to the minimum required for the agreement to be completed efficiently and effectively.
How should the legal adviser's invoice be prepared?
The legal adviser should be directed to send an invoice for no more than the limit of the legal costs contribution directly to you in accordance with the relevant clause of the agreement - addressed to the employee but clearly marked payable by the employer.
How should the offer be communicated?
This aspect of the settlement process can be something of a minefield and requires careful handling. You may require redundancy advice or guidance about the impact of any existing or anticipated disciplinary meeting associated with performnace or conduct.
What is a Protected Conversation?
How should the termination payments be calculated?
The correct application of income tax and national insurance contributions can make an offer more attractive to the employee and more cost-effective for the employer.