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Settlement Agreement Solicitors

Our employment lawyers recognise that pragmatic and commercial advice provided in a timely manner is essential in order to resolve disputes and maximise professional and personal opportunities.  We also know when a robust approach can be most effective and are used to dealing with the largest employers to secure the best deal possible for our clients.

We are often asked by large national law firms to act for senior executives because they know they can safely recommend our expertise and service.  We ensure all aspects of settlement agreement negotiations are properly considered, including financial compensation and other benefits (share schemes, pension plans, bonuses, long term incentive arrangements, insurances), notice periods and timing of departure, garden leave, director resignations, announcements (including stock exchange announcements) and minimising post-termination limitations on future work.  We also always seek to secure full payment of our clients’ legal fees by the employer.

In addition, we have extensive experience in the use of settlement agreements in commercial transactions, particularly in relation to corporate restructures and business sales and purchases.  We can provide independent advice to executives quickly and effectively in these circumstances to ensure that commercial timescales are not jeopardised.

For more information please read our Settlement Agreements guide

settlement agreement solicitors

Our Experience

Recent examples of our work in this area include:

  • Acting for various senior executives leaving a national retailer, negotiating substantial severance arrangements including the protection of future bonus, loyalty and LTIP arrangements
  • Assisting senior executives leaving a FTSE 100 company, including dealing with individuals seconded abroad with rights in foreign jurisdictions as well as in the UK, and tax equalisation issues
  • Negotiating a six figure exit package for a senior employee against a household name company and successfully securing termination packages for other employees from the same company
  • Advising a Finance Director leaving a listed PLC, securing favourable exit terms and maintaining their reputation through carefully drafted announcements and references, including the required stock exchange announcement
  • Advising senior executives on the scope of their restrictive covenants, options in relation to future employment and negotiating carve outs from restrictive covenant obligations as part of exit arrangements
  • Advising equity partners of international law firms, negotiating exit arrangements and securing the best possible packages whilst protecting reputation

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Our Approach

Our specialist team of employment solicitors is described in the independent Legal 500 directory as “excellent”.  In addition, both Partners in our team are recommended by the Legal 500.  Therefore, you can be reassured that you will deal with some of the best employment solicitors in the country.

We are determined and robust on your behalf, but also easy to deal with and clear in our advice.  We will fight your corner but understand that a common sense approach is often required in order to find solutions that work for you in the context of your professional and personal circumstances.

In particular, we offer:

  • Clear and straightforward advice.
  • Cost-effective support and certainty on costs where you need it.
  • Extensive experience of advising senior executives, directors, partners and others with complex employment concerns, including discrimination issues and group claims.
  • A credible team that is used to dealing with and acting against large employers and law firms on behalf of our clients.

Our Approach to Costs

We know that clarity on costs is vitally important to our clients. As standard practice, we give our clients an estimate of the costs involved in undertaking any piece of work at the outset. We then provide costs updates on a regular basis.

Please click here for details of our cost for this service.

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Settlement Agreements Q&A

Frequently Asked Questions

Can you advise me in relation to a settlement agreement?

Here at Myerson, we have a team of six qualified specialist employment lawyers, highly experienced in advising on Senior Executive terminations and negotiating settlement arrangements, particularly those arrangements that are complex.  We act for executives on a nationwide basis, advising by telephone or video conferencing.

My remuneration package is complicated, can you still help?

Myerson is a full-service law firm and we often work with colleagues in our corporate team to ensure comprehensive advice including around issues such as shareholdings, share options, LTIPs and complicated bonus schemes.

We also understand the importance of practical advice in relation to issues such as garden leave and post-termination restrictions.  We routinely negotiate around these issues and other practical matters such as the continuation of benefits and insurances.  We can also assist with tax efficiency.

What is your recommended approach to exit arrangements?

In some cases, it is necessary to take a very robust approach with employers and occasionally we will involve litigators in our dispute resolution team.

However, from experience, we know that the best outcomes often result from an approach that is commercial, pragmatic and pursued in a timely fashion.  We know that, for Senior Executives, as well as securing the best possible financial package, it is imperative that the exit process protects reputation and integrity and facilitates a successful transition to the next step of your career.  Over 95% of the cases, we deal with result in agreed settlement terms.

How will we work together?

As every case is unique, our approach is to agree with you at the outset your personal objectives and then to focus on delivering those objectives effectively and efficiently.  We will always be accessible with the aim of reducing anxiety and frustration at a time that we acknowledge can be unsettling for some.  We will work calmly and within agreed timescales.  We will also agree with you, your legal budget and ensure that you pay a fair price that is good value for money.

Why should I work with Myerson?

We know our approach to exit arrangements works because our Senior Executive clients return to throughout their career journey.  They also recommend their friends and colleagues to us.  Additionally, we are highly recommended in legal directories and recognised by other specialist employment lawyers as being safe hands to which to refer their clients and contacts.

Exits and settlement agreements are an occupational hazard for Senior Executives.  Our approach to these matters is founded in our core values which include not only providing high-quality advice, effectively and efficiently but also that we are professional, friendly and approachable.

How do I take the next step?

Our firm is based in Altrincham, Cheshire but we advise Senior Executives on a nationwide basis. If you need independent advice on a settlement agreement or you are anticipating an exit situation, please call us as we would be delighted to explore with you how we can help you achieve the very best personal and financial outcomes

Meet Our Specialists

Home-grown or recruited from national, regional or City firms. Our specialists are experts in their fields and respected by their peers.

Joanne Evans

Joanne Evans

Jo is a Partner and Head of our Employment department

Joanne Henderson

Joanne Henderson

Jo is a Partner in both our Employment and Compliance departments

Charlotte Gilbert

Charlotte Gilbert

Charlotte is the Head of Myerson HR and a Senior Associate in our Employment department

Patrick Byrne

Patrick Byrne

Patrick is an Associate in our Employment department

Jordan Buckle

Jordan Buckle

Jordan is a Solicitor in our Employment department

Vicki Fagan

Vicki Fagan

Vicki is a Solicitor in our Employment Department.

Testimonials

Contact Us

Complete the form below or alternatively you can call us on

0161 941 4000