City Bar Proposal Would Formally Allow Fee Sharing With Litigation Funders (New York Law Journal)

New York Law Journal, April 9, 2024 

City Bar Proposal Would Formally Allow Fee Sharing With Litigation Funders 

Leaders at the New York City Bar Association this month unveiled amendments to the state’s professional conduct rules that would formally permit non-lawyer financers to receive a portion of fees recovered in litigation, provided that the lawyers maintain professional independence and notify clients of third-party involvement.