Free initial consultation
All of our initial consultations are free, with no obligation to proceed, and we will tell you the value of your potential settlement and how to approach your employer. However we cannot offer a consultation to everyone – only if we feel we can help you.
Fees for negotiations
We can offer a range of flexible terms of payment including:
- percentage fees, known as ‘no win no fee’, normally between 10% and 20% of any increase (see below for more details);
- hourly rates; and
- fixed fees (vary depending on the case).
We accept a range of payment options, including credit cards.
No Win No Fee
Our experience allows us to quickly decide whether to offer you no win no fee; and we do try to offer no win no fee wherever possible, because we enjoy working together with you with the same incentives. This means aiming to settle cases quickly, out of court, and at the highest settlement value possible.
If you already have an offer on the table, then our percentage fee would not apply to that amount. That amount would be ring-fenced, and our percentage would only apply to any additional amount we negotiate for you.
Sometimes we also request a modest upfront fee of between £200 to £500. We will let you know the exact fee structure we can offer you during your free consultation. There will never be any surprise fees, or any obligation to proceed.
Settlement agreement signing
We guarantee that you will not pay us a penny for signing off your settlement agreement. This is because the employer pays for this service. When you get a copy of your settlement agreement document, you will see a clause in there about legal fees. It normally specifies the amount which the employer will pay, and that is usually between £250 to £500.
The way this works is that after we have reviewed and signed the settlement agreement for you, we then invoice the employer directly for the fee specified. You are not involved in that invoicing process so you can rest assured that it will not cost you anything to instruct Monaco Solicitors to sign your settlement agreement.
When to instruct us to negotiate
When negotiating it is best for us to be involved as early on in the process as possible, so we can guide you and get the best outcome for you. All too often we see employees try to conduct a negotiation themselves but then say the wrong things in the wrong way and end up with nothing at all.
If we do not think that we can significantly increase a potential settlement amount, we will let you know during your free consultation. But the vast majority of our clients end up significantly better off after we have represented them. Our reputation for fighting employment tribunals is well known to employers, and this really motivates them to give you a fair deal!
|It’s necessary to understand the details before setting a fee structure, as tribunal cases vary so much, but they do tend to be expensive and we tend not to do these on purely no win no fee. This is because they are often very long and uncertain.|