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Philadelphia, PA commercial litigation attorney Stanley Cheiken talks about how he handles severance negotiations. He discusses that handling severance negotiations requires a combination of skills developed through years of experience. It is essential to understand both the nature of the business and the specific terms of the employee’s role and compensation in order to properly assess the situation. Equally significant is a thorough knowledge of the law, including potential legal or contractual claims and any existing severance agreements that may provide grounds for negotiation. Identifying what claims may be available, what compensation may have been overlooked in the initial offer, and what additional benefits an employee should pursue is critical. Moreover, understanding the potential outcomes if the matter cannot be resolved through negotiation and must proceed to court is a key component of effective representation in severance matters.
