We have a great deal of experience in advising on compromise agreements
ranging from relatively routine settlements to complex high value agreements.
Because we advise both employers and employees we have the ability to consider the proposal from both perspectives with a
view to maximising your position.
In particular we can:
-
advise you on the terms
and effect of the proposed
agreement
-
advise you on your
fallback position if you
do not want to accept the
terms
negotiate on your behalf
to secure improved terms
-
negotiate
on your behalf to agree
the terms of a reference
-
advise as to the tax
implications of the
agreement
Because it
is a legal requirement that an employee receives independent legal advice before entering into a compromise agreement, employers will usually pay a contribution towards the
cost of taking advice. However this is usually limited to a fixed sum and will only become payable in the event that the agreement is actually concluded. In straightforward cases the
employers
contribution is normally sufficient to cover all legal costs and, if this is not likely to be the case, we seek to negotiate a higher contribution from the
employer. However in complex cases where negotiations
are entered into with a view to securing more favourable terms the
employers contribution may not cover all of the legal costs involved. In these cases we can either account to you for any costs incurred over and
your employers contribution on:
an hourly rate i.e.
pay as you go basis or,
-
under a
no win no fee agreement where we would charge a fixed percentage of any increase we secure to the total
value of the package on offer. If no increase is secured our costs would be limited to the contribution made by your employer and there would be no additional
charge to you.
For further information on funding employment law advice please see our
funding section. If you have been offered a severance package or a compromise
agreement please contact us
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