Severance Package Negotiation
To be terminated from your employment is almost always a traumatic event as it immediately impacts the income you’ve used to pay a mortgage, other bills, college tuition, and/or health insurance coverage.
While severance pay will never fully make up for the damage caused by a termination, a good severance package will certainly ease the transition into your next job. Although there are some situations where you can, on your own, negotiate a favorable severance package, we’ve found that to be the rare exception. To the contrary, whether using this law firm or some other, we believe you are much better served being represented by a lawyer in negotiations. A lawyer can either guide you in negotiations while staying behind the scene or, as is more common, negotiate directly for you.
Aside from having a good lawyer representing you, there are many factors that can influence the outcome of the negotiation of a severance package on your behalf. They include the strength of any potential legal claim that you may have; the amount of severance that has already been offered; the length of your employment; your work performance; and a host of other factors. No two cases are alike, and each case needs individualized attention. Very often, if there is a non-compete agreement in effect, that too becomes a subject for negotiation.
Attorneys Richard Schall and Patricia Barasch, between them, have negotiated hundreds of severance packages for their clients over the years. In many of these cases, we negotiated substantial severance packages where none had been offered; in other cases we were able to greatly enhance the amount of severance pay that the employer had already presented. We are dogged and aggressive in negotiations on behalf our clients, but at the same time well-respected by the management-side attorneys we go up against.
If you are interested in discussing with us whether we can assist you in negotiating a severance package, or improving the one that has been offered, please contact our firm by completing the on-line Questionnaire accessible on every page of our website.
Practice Areas
Schall & Barasch LLC
Attorneys At Law
Moorestown Office Center
110 Marter Ave., Suite 302
Moorestown, NJ 08057
Tel. 856.914.9200
Fax 856.914.9420
This website is designed to provide general information only. It does not provide, nor is it intended to provide, legal advice of any kind. Instead, if you are in need of legal advice, you should consult with an attorney of your choosing who can review with you your individual situation.