Assembly Bill A3446

2017-2018 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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2017-A3446 (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
2015-2016: A8423
2019-2020: A3014

2017-A3446 (ACTIVE) - Summary

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

2017-A3446 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3446
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 27, 2017
                                ___________
 
 Introduced  by  M.  of A. ORTIZ, HIKIND -- 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:
   §  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.
                                                            LBD08353-01-7
              

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