NY Bar Calls For 'Safe Harbor' Rule On Fee-Based Referrals
Law360 (March 3, 2020, 8:53 PM EST) -- The New York County Lawyers Association voiced support Tuesday for a new "safe harbor" ethics rule to allow lawyers to sign on clients through for-profit, online referral services.
Citing "ferment" in the legal market and a growing chasm between those needing lower-cost legal help and the inability of many attorneys to reach them, the Manhattan-centric bar group also recommended that a legal barrier on nonlawyers splitting fees with attorneys be eliminated.
The reforms would let for-profit legal referral or matching services, known as FPLMS, share "in any financial up-side" from legal fees generated by lawyers using them, and thus spur investment in the...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!