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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 agreement Nature of advice required Minimum fees*
Employee (below Director-level) Basic advice on the Agreement’s terms and effect
Little, if any, negotiation anticipated
£500 plus VAT (£600)
Employee (below Director-level) Terms not agreed. Some negotiation of terms likely and Torque Law to lead that negotiation. £500 – 750 plus VAT
(£600 – £900)
Where advice to include review of restrictions and/or new contract of employment £250 – 500 plus VAT
(£300 – £600)
Director-level or equivalent As well as giving basic advice on the Agreement’s terms and effect, some negotiation of terms anticipated £1,000 – 1,500 plus VAT
(£1,200 to £1,800)
Where advice to include review of restrictions, incentives and/or equity considerations £2,000+ plus VAT
(£2,400)
Re-signing or affirmation process Follow up advice around the actual termination date £250 plus VAT
(£300)

* 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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