At Lincs Law Employment Solicitors, we understand clients are concerned about the cost of seeking legal advice. So, we have examples of our charges below.

Fees & Charges For Settlement Agreements

A Settlement Agreement (previously called a Compromise Agreement) is a contract which will bind both you and your employer to its terms. Usually, in a Settlement Agreement the employer will offer a compensation payment to an employee in exchange for that employee leaving their job, giving up their employment rights and agreeing not to bring any claims against their employer. There can be a number of variations and sometimes an employee may agree to take a different job or move to a different location; however, there will be a bargain or exchange between the Employer and Employee in the Settlement Agreement.

Whilst a Settlement Agreement may appear to be a normal contract, due to the inequality of the relationship between an employer and an employee, there are a number of additional legal requirements which are required before it can become binding and be enforced (if necessary) by the parties signing it. One of those requirements is that the employee must receive independent legal advice before signing the Settlement Agreement. Often the lawyer will also have to sign a declaration in the Settlement Agreement confirming they have given such advice and that the Employee fully understands the consequences of signing.

At Lincs Law Employment Solicitors, we understand that one of the main concerns clients will have about seeking legal advice are the costs and employment solicitor fees for Settlement Agreements. That is why, with our fee options and clear prices, you are always in full control. As you will see from the information below, we are completely transparent about our charges.

Settlement Agreement Fixed Fees

If you have been offered a Settlement Agreement (previously called a Compromise Agreement) by your employer, you must obtain independent legal advice before signing. Our Fixed Fees depend upon the Employment Solicitor you chose to instruct.

Employment Law SpecialistExperienceFixed Fee Consultation
Director, Employment Law Solicitor15 years plus post qualification experience£420 (£350 plus VAT)
Associate, Employment law Solicitor5 years plus post qualification experience£360 (£300 plus VAT)
Employment Law SolicitorUp to 5 years post qualification experience£300 (£250 plus VAT)

The convention (although it is not a requirement) is that your employer will pay our fees for advising you. The amount your employer is willing to contribute is usually set out within the Settlement Agreement itself.

The Settlement Agreement Fixed Fee includes your choice of a telephone, video or face to face appointment of unlimited duration where your Employment Solicitor will:-

  • discuss the circumstances of your situation;
  • advise you in respect of your Settlement Agreement;
  • draw to your attention any potential Employment Tribunal claims being settled; and,
  • in the event you choose not to sign the Settlement Agreement, provide an estimate of fees for any additional work. This will include a discussion of possible funding options;
  • alternatively, if you do decide to sign the Settlement Agreement, arrange for the return of your signed document to your employer; and,
  • confirm their advice in full and in writing so you have a comprehensive record of your discussions

We put no time limit on your appointment as we understand the decision to sign a Settlement Agreement is important and has potentially life changing consequences. Put simply, we are happy for your appointment to take as long as you need so that you can make an informed decision.

For most people, a Settlement Agreement is dealt with at the first appointment and no further assistance is required. However, the reason we take the time to discuss the circumstances which led to you being offered a Settlement Agreement is so we can advise as to the “deal” being offered. If you are not being properly compensated, we will advise you fully on the alternatives available to you.

If you need help with your Settlement Agreement, please call us on 01522 440512, use our webchat, send on email to enquiries@lincslaw.co.uk or use the contact form on this website.

Hourly Rate Fees (Renegotiation)

Following our Settlement Agreement Fixed Fee appointment, you may decide you wish to re-negotiate the amount of compensation you are being offered (and/or some of the other terms within the Settlement Agreement). In those circumstances, we would agree fees with you to undertake those negotiations or re-negotiations. Whatever you have instructed your Employment Solicitor to do, they will provide an estimate of their fees before you make any commitment.

If you decide to instruct your Employment Solicitor using this arrangement, you will only pay for the work actually done on your matter. Often, your Employment Solicitor will be able to offer a capped fee arrangement which means you know the absolute maximum you will pay. Capped fees offer greater security as you might well pay less than the cap, but you will never pay more.

The hourly rate depends on the Employment Solicitor you instruct to help you. Again, we are completely transparent about fees and set out our charges below:

Employment Law SpecialistExperienceHourly Rate Fees
Director, Employment Law Solicitor15 years plus post qualification experience£240 (£200 plus VAT)
Associate, Employment Law Solicitor5 years plus post qualification experience£210 (£175 plus VAT)
Employment Law SolicitorUp to 5 years post qualification experience£180 (£150 plus VAT)

More information about our Specialist Employment Solicitors is available from our website at lincslaw.co.uk/about/our-team If you would like assistance with your Settlement Agreement, please call us on 01522 440512, use our online chat or fill out the contact form on this website.

Conditional Fee Agreement (Renegotiation)

Following our Settlement Agreement Fixed Fee appointment, you may decide you wish to re-negotiate the amount of compensation you are being offered (and/or some of the other terms within the Settlement Agreement). In those circumstances, your Employment Solicitor might be able to offer you a Conditional Fee Agreement.

A Conditional Fee Agreement works in a similar way to Hourly Rate Fees above. Whatever negotiations you have instructed your Employment Solicitor to undertake, they will provide an estimate of their fees before you make any commitment. Also, if you decide to instruct your Employment Solicitor using this arrangement, you will only pay their hourly rate for the work actually done on your matter. Hourly rates under a Conditional Fee Agreement are significantly lower than the standard hourly rates quoted for each of our Specialist Employment Solicitors.

The main difference between Hourly Rate Fees and a Conditional Fee Agreement is that if your Employment Solicitor is successful in achieving the outcome you want; you will then pay a Success Fee. What constitutes success and triggers payment of the Success Fee will be agreed between you and your Employment Solicitor at the outset. As will the amount of the Success Fee. You will have the full terms of the funding option available for you to consider before you make any commitment.

The Conditional Fee Hourly Rate depends on the Employment Solicitor you instruct to help you. Again, we are completely transparent about fees and set out our charges below:

Employment Law SpecialistExperienceConditional Fee Hourly Rate
Director, Employment Law Solicitor15 years plus post qualification experience£150 (£125 plus VAT)
Associate, Employment Law Solicitor5 years plus post qualification experience£120 (£100 plus VAT)
Employment Law SolicitorUp to 5 years post qualification experience£90 (£75 plus VAT)

More information about our Specialist Employment Solicitors is available from our website at lincslaw.co.uk/about/our-team If you would like assistance with your Settlement Agreement, please call us on 01522 440512, use our online chat or fill out the contact form on this website.

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