Compromise agreements are at the centre of our business. Our employment solicitors have handled a vast number of compromise agreements, from the most simple to the most complex and valuable. We have acted for nearly 4,000 individuals since 2004, of whom a significant number have signed compromise agreements with their employers.
Our lawyers have credibility and experience of having worked in large commercial law firms and are well known in the legal market.
Analyse and advise you on possible claims you may have against your employer and the value of those claims
Explain the meaning and effect of the compromise agreement on your rights to pursue those claims
Negotiate with your employers or their lawyers
Advise you on other related matters, such as restrictive covenants, share options, LTIPs and bonus payments etc.
Agree a strategy that will help maximise the overall benefit of the termination package
Costs vary from a few hundreds of pounds to many thousands of pounds depending on the value of the agreement and the complexity of the situation.
Employers almost always make some contribution to an employee's costs and may pay all of those costs, in which case there may be nothing for you to pay. However, in many cases the employer's contribution will not cover all of your costs and you will have to pay the balance of costs over and above the employer's contribution.
Some clients worry about the level of contribution made by their employer, particularly if an employer puts an arbitrary limit on their contribution which doesn't reflect the actual costs. However, it is important to see costs in the context of the value of the overall package. Some employers may refuse to increase their contribution but may be more willing to negotiate about the level of the compensation payment.
Our aim is to help you maximise the overall value of the financial package and other benefits in your favour.
If you are not sure, just call us on 0870 421 1952 or 01675 444 920 and talk to one of our employment lawyers about our costs.