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Fee guide for Settlement Agreement advice for employees and executives

Please see below our minimum fee guide for Settlement Agreement advice for employees and executives dependent on the type of settlement agreement and the nature of advice required.

Type of settlement agreementNature of advice requiredMinimum fees*
EmployeeAdvice on the Agreement’s terms and effect£750 plus VAT (£900)
Assistance with negotiations, including advice on counter-proposals.  Negotiations either led by us or by you.Normal hourly rates between £240 and £390 plus VAT (£288 to £468)
Advice on enforceability of restrictive covenants and/or new contract of employmentNormal hourly rates between £240 and £390 plus VAT (£288 to £468)
Re-signing or re-affirmation process to cover follow up advice around the actual termination date£250 plus VAT (£300)
Senior ExecutiveAdvice on the Agreement’s terms and effect, in the context of Service Agreement (or equivalent) terms and executive incentive schemes£1,250 – £2,500 plus VAT (£1,500 to £3,000)
Assistance with negotiations, including advice on counter-proposals on financial and non-financial elements.  Negotiations either led by us or by you.Normal hourly rates between £240 and £390 plus VAT       (£288 to £468)
Advice on enforceability of restrictive covenants and/or new Service Agreement (or equivalent) termsNormal hourly rates between £240 and £390 plus VAT        £288 to £468)
Re-signing or re-affirmation process to cover follow up advice around the actual termination date£500 plus VAT (£600)
Group Settlement Agreement exerciseAdvice on terms and effect of Settlement Agreement where you are part of a large group programme which we have been asked by your employer to advise onAs agreed with your employer

* It is common for employers to make a contribution which covers all or part of an employee’s legal fees when entering into a Settlement Agreement.

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