Settlement agreement solicitors
Our employment solicitors can review your settlement agreement for you and provide detailed legal advice on the terms of the settlement.
A settlement agreement is a legally binding contract between an employer and employee. It’s usually used to mutually agree the terms for ending employment but can also be used to agree a change to the employment terms.
Essentially, the employee will agree not to pursue any claims against the employer in return for a compensation payment and / or reference from their employer. The settlement agreement will also cover confidentiality and any other obligations.
Settlement agreement solicitor fees
As an employee, it’s a legal requirement for you to take independent legal advice before signing a settlement agreement. Your employer will usually cover these legal costs for you.
If your employer doesn’t agree to cover your legal costs, our Employment Solicitors will negotiate with them to seek payment of the legal fees as part of the settlement agreement.
For detailed legal advice on the terms of settlement (without any financial negotiations and without advice on the merits of any Employment Tribunal claims) our minimum fixed fee is £420.
For this fee, we will:
- Review the settlement agreement
- Provide written advice on the terms and effect of signing the settlement agreement, so the employee understands the implications of what they are signing
- Liaise with the employer to raise any queries or amendments
- Arrange for the settlement agreement to be signed and returned electronically
- Provide a signed certificate to confirm that we have provided independent legal advice
- Make the settlement agreement process as hassle free as possible for both the employee and employer
We can also provide digital options during the process, such as signing Advisers Certificates electronically via DocuSign, if this is appropriate in your case.
All our prices are inclusive of VAT.
Additional services available
If you need advice on any potential tribunal claims or whether the offer in your settlement agreement is reasonable, this is likely to cost more. We will discuss any additional fees with you in advance and these fees will depend on the service you require.
Once we have provided you with a written quote for the agreed work to be done, that price will not change, unless the original information we are given is shown to be incorrect or circumstances change.
At Co-op Legal Services our Settlement Agreement Solicitors only represent employees.
Our Employment Solicitors work hard to help employees resolve work disputes and reach an amicable settlement with their employer through a settlement agreement that avoids the stress, uncertainty, time, costs, risks and career damage that can be associated with pursuing an employment tribunal claim.
I am delighted to be awarded such a significant settlement. I’d like to say thank you for you very prompt professional and personable support through this process. (Simon)
What you need to know about settlement agreements
Settlement Agreements, which were called Compromise Agreements, are legally binding documents. They are usually used to formally end the employment contract between an employer and employee and/or to settle a potential Employment Tribunal case.
Under the terms of the settlement agreement, the employee agrees not to bring a claim in the Employment Tribunal.
The benefit of a settlement agreement to the employee is that they avoid the risks of pursuing a tribunal claim, in return for a compensation payment. The employee may also be able to agree terms that wouldn’t be possible through a tribunal claim such as a favourable reference, agreed wording for an announcement or outplacement support.
The benefit of a settlement agreement to the employer is that it removes the risk of the employee bringing a claim against them in the employment tribunal.
Both parties benefit from the clean break.
It is important to get the right legal advice about your case, before agreeing to the terms of a settlement agreement. Our Employment Solicitors have specialist expertise in settlement agreements. We represent employees only, so you can rest assured that you will be getting expert advice about your settlement agreement from specialist Employment Solicitors who are on your side.
If you have been offered a settlement agreement we can help you.
About Co-op Legal Services
Co-op Legal Services has over 600 staff working in different businesses with offices in Manchester, Bristol, Stratford-upon-Avon, Sheffield and London.
As part of the Co-op Group, our values of openness, honesty, social responsibility and caring for others are core to the service we provide.