|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 08, 2014||referred to judiciary|
|Jan 09, 2013||referred to judiciary|
senate Bill S554
Archive: Last Bill Status - In Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S554 - Details
S554 - Summary
Repeals that restriction of the judiciary law prohibiting contingent fees and requiring a sliding scale fee for attorneys in claims or actions for medical, dental or podiatric malpractice.
S554 - Sponsor Memo
BILL NUMBER:S554 TITLE OF BILL: An act to repeal section 474-a of the judiciary law, relating to contingent fees for attorneys in claims or actions for medical, dental or podiatric malpractice SUMMARY OF PROVISIONS: Repeals Section 474-a of the Judiciary Law relating to contingent fees in medical, dental or podiatric malpractice. JUSTIFICATION: Since this statute was passed, experience has shown that the sliding scale fee schedule works to the detriment of the injured citizen. It creates an inherent conflict between the interest of the injured patient and the attorney that has agreed to take on the task of proving the case. An example would be as follows: An attorney believes a case may well bring a verdict of at least 1.5 million dollars. He or she is offered five hundred thousand dollars. Below is the application of the fee formula set forth in the existing Section 474-a: 30% of the 1st $250,000 = $75,000
S554 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 554 2013-2014 Regular Sessions I N S E N A T E (PREFILED) January 9, 2013 ___________ Introduced by Sen. DeFRANCISCO -- read twice and ordered printed, and when printed to be committed to the Committee on Judiciary AN ACT to repeal section 474-a of the judiciary law, relating to contin- gent fees for attorneys in claims or actions for medical, dental or podiatric malpractice THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 474-a of the judiciary law is REPEALED. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD04619-01-3
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