Assembly Bill A8423

2015-2016 Legislative Session

Limits contingent fees to attorneys in actions for property damage or personal injury, including death

download bill text pdf

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Archive: Last Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2015-A8423 (ACTIVE) - Details

Current Committee:
Assembly Judiciary
Law Section:
Judiciary Law
Laws Affected:
Amd §474-a, Judy L
Versions Introduced in Other Legislative Sessions:
2009-2010: A10695
2011-2012: A1558
2013-2014: A5190
2017-2018: A3446
2019-2020: A3014

2015-A8423 (ACTIVE) - Summary

Limits contingent fees to attorneys in actions for property damage or personal injury, including death.

2015-A8423 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  8423

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                             October 9, 2015
                               ___________

Introduced by M. of A. ORTIZ, HIKIND, ROBINSON -- read once and referred
  to the Committee on Judiciary

AN  ACT  to  amend the judiciary law, in relation to contingent fees for
  attorneys

  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, as amended by chapter
485 of the laws of 1986, is amended to read as follows:
  S 474-a. Contingent fees  for  attorneys  in  claims  or  actions  for
medical,  dental or podiatric malpractice, OR IN ANY CLAIM OR ACTION FOR
PROPERTY DAMAGE OR PERSONAL INJURY, INCLUDING DEATH. 1. For the  purpose
of this section, the term "contingent fee" shall mean any attorney's fee
in  any claim or action for medical, dental or podiatric malpractice, OR
IN ANY CLAIM OR ACTION FOR PROPERTY DAMAGE OR PERSONAL INJURY, INCLUDING
DEATH, whether determined by judgment or settlement, which is  dependent
in  whole or in part upon the success of the prosecution by the attorney
of such claim or action, or which is to consist of a percentage  of  any
recovery,  or a sum equal to a percentage of any recovery, in such claim
or action.
  2. Notwithstanding any inconsistent judicial rule, a contingent fee in
a medical, dental or podiatric malpractice action, OR IN  ANY  CLAIM  OR
ACTION  FOR  PROPERTY  DAMAGE OR PERSONAL INJURY, INCLUDING DEATH, shall
not exceed the amount of compensation  provided  for  in  the  following
schedule:

     30 percent of the first $250,000 of the sum recovered;
     25 percent of the next $250,000 of the sum recovered;
     20 percent of the next $500,000 of the sum recovered;
     15 percent of the next $250,000 of the sum recovered;
     10 percent of any amount over $1,250,000 of the sum recovered.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD04184-01-5

              

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