Know what you’re signing
As an employee, making the decision to leave an organisation can often require more than a farewell and a handshake. It’s important to make sure that you are protected and that your rights are respected in a reasonable settlement agreement.
At Menzies Law, we are experts in negotiating and advising on settlement agreements and exit packages. If your employer has asked you to agree a settlement agreement, or you wish to try to negotiate one for yourself, let us help. Our expert employment lawyers will give you robust, independent advice on your options, explain all your rights and guide you through what you might be able to demand in your particular situation.
Experience that matters
We’re different to most other solicitors’ firms that advise employees on settlement agreements. That’s because we are all senior specialists who spend most of our time advising large employers. We therefore know how employers think and operate, and how to most effectively negotiate with them on your behalf. We know all the bargaining angles and how to most effectively help you get what you want.
Due to our team’s specialist knowledge and extensive experience, we’ve advised on a huge number of settlements over the years. We work quickly to deliver an agreement tailored to your exact needs, situation and organisation. Our advisers have had excellent success ensuring that executives and employees get the fairest deal available.
As you would expect, given our very specialist work, we offer employee clients a genuinely ‘premium’ service compared to other law firms when it comes to providing advice and guidance around settlement agreements.
Non-specialist firms will often just provide you with the basic service of explaining to you what the terms of a settlement agreement mean. If you choose us then you will receive senior, expert-level advice on:
- what the terms of the offered settlement agreement mean and how they will effect you
- any aspects of the agreement that appear too harsh or too restrictive upon you
- any other aspects of the agreement that we recommend you should push back on or ask to negotiate on
- your range of options and the potential scope of movement in terms of negotiating a better deal for you
Beyond us giving you that advice, many of our clients also appreciate us providing a further stage of help which is:
- assistance and/or representation in negotiating changes to the settlement agreement terms for you
This premium service starts at a minimum fee of £550 + VAT. That provides you with up to 2 hours’ initial assistance from one of our solicitors, which can often be enough to cover all the work if there are no changes you wish to go back and ask your employer for. If that is not sufficient to complete the work to your requirements, we will be happy to continue helping you at our discounted hourly rates for this type of work. Your employer will normally be willing to contribute towards some or all of this cost (see below) but you should be prepared for the possibility that you will need to pay the balance.
If your settlement agreement is a ‘double’ agreement (i.e. it requires you to sign a second agreement at a later date) then our minimum fee is £750 + VAT, reflecting the greater amount of work required.
We will provide you with a guide to the likely total fees for our advice and assistance, which will depend on how much we do for you, how complex the settlement agreement is and how much you wish us to help you negotiate.
Employer’s contribution towards fees
It is standard for your employer to offer a substantial contribution towards the cost of you obtaining legal advice on the terms of any settlement agreement deal, as a tax-free benefit. Currently, the normal amount that employers tend to offer is £500 + VAT. Helpfully, the Employment Appeal Tribunal has recently issued a judgment confirming that £500 + VAT is the reasonable minimum that an employer should offer.
We have a very strong track record in persuading employers to increase their contribution to cover all of your costs in taking settlement agreement advice from us. We suggest you should see your employer’s proposal on this aspect as simply a starting point, which we can help to increase.
No settlement agreement offered yet?
If you wish to negotiate a departure from an organisation but have not yet had those discussions with your employer or are in a dispute then you have come to the right place. We are experts in negotiating an exit deal.
Don’t just take our word for it
When we at Menzies Law buy something important, we like to be choosy and we always find positive testimonials from other happy clients helpful when making our choice. If you do too, please take a look at these testimonials from recent executive and employee clients.