Dividing finances after a divorce can be one of the most stressful parts of the process. Many people worry not just about what they might lose but also about how much it will cost to get the right legal support. That’s where fixed fee financial settlements come in.
In this guide, we explain what a fixed fee financial settlement is, how it works and why it could be a smart choice if you want clarity and control over your divorce costs – along with how to get a free 30-minute consultation with a solicitor to discuss your options.
What is a fixed fee financial settlement?
A fixed fee financial settlement means you pay a set, agreed amount to your solicitor to help you negotiate and formalise a financial agreement during your divorce. Instead of being charged by the hour, you know exactly what you’ll pay from the outset.
Typically, a fixed fee will cover:
- Advising you on your legal position and options
- Helping you reach an agreement on finances with your ex-partner
- Drafting a Consent Order to formalise the agreement
- Preparing and submitting a Statement of Information form (D81) to the court
- Managing the court process until your financial settlement is approved
Fixed fees are usually offered for cases where there is already broad agreement between the parties or where negotiations are expected to be straightforward.
How does a fixed fee settlement work?
The process generally follows these steps:
- You and your solicitor discuss your financial situation and any proposed agreement.
- You agree a fixed fee for the work needed to finalise your settlement.
- Your solicitor drafts the necessary documents (Consent Order and D81 form).
- The documents are submitted to the Family Court for approval.
- Once the court seals the Consent Order, your settlement is legally binding.
Because the fee is agreed at the start, you won’t face unexpected bills if everything proceeds as planned.
What are the benefits of a fixed fee?
Choosing a fixed fee financial settlement offers several advantages:
- Cost certainty – You know in advance exactly what you’ll pay.
- Affordability – Fixed fees are often lower than the total cost of hourly billing in straightforward cases.
- Less stress – You can focus on reaching an agreement without worrying about mounting legal fees.
- Transparency – There are no hidden extras or surprise charges.
Fixed fee arrangements are particularly attractive to couples who want an amicable, efficient divorce without unnecessary complications or disputes.
Are there limits to what’s covered?
Fixed fee services usually only cover cases where:
- Both parties have agreed in principle on how to divide assets
- There are no major disputes about pensions, property or business assets
- Both parties are committed to providing full financial disclosure
If complex negotiations, contested court hearings or significant changes to the agreement are needed, additional fees may apply. Your solicitor should explain exactly what is and isn’t covered before you sign up.
What happens if the agreement becomes more complicated?
If negotiations break down or new issues arise, your solicitor may:
- Offer a revised fixed fee to cover the extra work
- Switch you onto an hourly rate arrangement for the additional time needed
- Recommend mediation or court proceedings if necessary
The key benefit of starting with a fixed fee is that everyone is clear on expectations from the beginning – and if circumstances change, you’ll be informed of any new costs before proceeding.
Who should consider a fixed fee financial settlement?
A fixed fee settlement may be ideal if:
- You and your ex-partner have broadly agreed how to divide finances
- You want a simple, straightforward legal process
- You value cost certainty and transparency
- You’re willing to cooperate and provide full financial information
Even if your situation feels relatively simple, it’s still important to formalise any financial settlement through a Consent Order, to protect yourself from future claims.
Do you still need a solicitor if you agree everything?
Yes. Even if you and your ex have reached agreement privately, you still need a properly drafted Consent Order for the court to approve. Without it, your financial ties remain open indefinitely and either party could make claims later – even years after the divorce is finalised.
A solicitor will ensure that your agreement is legally sound and fair, all necessary documents are properly completed and the court process runs smoothly without avoidable delays.
Protect your financial future with a fixed fee service
A divorce settlement isn’t just about closing a chapter – it’s about securing your future. A fixed fee financial settlement offers peace of mind that your finances are being handled properly, without uncertainty over legal costs.
If you’re looking for a cost-effective, transparent way to finalise your divorce settlement, we’re here to help at Osbourne Pinner Solicitors.
Book your free 30-minute consultation with our local divorce solicitors today. You can fill in the form below, call 0203 983 5080 or email [email protected]. We’re available for video calls or face-to-face meetings at our offices in London (Harrow, Canary Wharf or Piccadilly Circus) or Manchester City Centre.
