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Solicitor's Legal fees For Redundancy
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JoeBreakdown
Posts: 126 Forumite
Hi all,
My redundancy agreement has been drawn up, but I have to get it signed by a solicitor.
My company require me to get an invoice form the solicitor and will pay the solicitor's fee up to the value of £130.
However, I have had seven quotes that are all around the £250 mark, so i'll be stumping up some of the cost of my redundancy!
Any advice, dear people?
My redundancy agreement has been drawn up, but I have to get it signed by a solicitor.
My company require me to get an invoice form the solicitor and will pay the solicitor's fee up to the value of £130.
However, I have had seven quotes that are all around the £250 mark, so i'll be stumping up some of the cost of my redundancy!
Any advice, dear people?
Bored
0
Comments
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Long shot but does your home insurance not have a legal cover bit to it?
£250 for a signature sounds very steep to me, but then who knows of a skint legal eagle!
SusieSusie"A woman is like a tea bag:you never know how strong she isuntil she gets in hot water."0 -
£250 is the minimum as they will need to go through the compromise agreement in full - (I normally budget £500 but thats London for you )
If they are asking you to sign a compromise agreement its usually because they are asking to to sign away some rights in return for some money (is this the case here?). Use the quotes and push back strongly. You should not have to pay for this.Go round the green binbags. Turn right at the mouldy George Elliot, forward, forward, and turn left....at the dead badger0 -
JB, contact some of the sols in the smaller towns around Nottingham. Assuming that you are happy with the agreement, you will be able to get it signed for less than £130.Gone ... or have I?0
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The compromise agreement process is one of negotiation so it is vital that you ask them for more as part of the negotiation process, providing the quotes and reminding them that it is in the mutual interests of the employer and yourself to settle this in as smooth a manner as possible.
Good luck.0 -
£130 is not reasonable! My company offer £300 - I don't know of any solicitors who will do it for that... go back and negotiate.... Are they offering you above statutory minimum package - if not there is no benefit in the compromise agreement to you anyway! They are legally obliged to give you the statutory bit...Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £174.8K Equity 32.77%
2) £2.6K Net savings after CCs 6/7/25
3) Mortgage neutral by 06/30 (AVC £24.3K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 30.1/£127.5K target 23.6% 29/7/25
4) FI Age 60 income target £16.5/30K 55.1%
5) SIPP £4.8K updated 29/7/250 -
It is generally standard practice for a "contribution" to be made towards the cost of a solicitor's fees when you need to sign a compromise agreement. However, there is no legal obligation to pay any costs at all. I work in a solicitors dealing with compromise agreements and the costs frequently are above those paid by the company, in which case the individual will be asked to make up the shortfall.0
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