Cuomo Signs Bill To Let NY Lawyers Attach Arbitration Liens

Law360, New York (October 4, 2012, 7:25 PM EDT) -- New York Gov. Andrew Cuomo signed legislation Wednesday that allows Empire State lawyers to attach a lien to awards and settlement proceeds their clients receive in arbitration or other alternative dispute resolutions, reducing their risk of nonpayment in ADR work.

The new law, which goes into effect Jan. 1, amends two sections of New York's judiciary law to allow for such liens.

"The practice of law has changed tremendously since Section 475 was last revised in 1946 and Section 475-a was adopted in 1955. Since then,...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.