We are excited to share that one of our distinguished trial attorneys and counsel at Duffy & Duffy, PLLC, Alan W. Clark, has been published in the New York Law Journal. His article, “Medical Malpractice Contingency Fee Schedule Needs Amendment,” addresses crucial issues with the current fee structure for medical malpractice cases in New York under Judiciary Law section 474-a. Since its implementation on July 1, 1985, the law has dramatically reduced recoverable attorney fees, creating challenges for legal professionals and malpractice victims seeking compensation.
Due to the complexity and financial risk of medical malpractice cases, with only roughly 25% of these cases being won at trial, the law has made it financially difficult for attorneys to take on these cases. As a result, only substantially wealthy plaintiffs can afford the high hourly fees needed to hire competent legal counsel.
The proposed amendment, NYAB 7448, seeks to update the fee structure to provide attorneys with more equitable compensation and an increased share of recoverable fees. This change could incentivize more attorneys to represent medical malpractice victims, improving their access to skilled legal representation. To learn more about the current fee structure and the potential benefits of this proposed amendment, contact the experienced attorneys at Duffy & Duffy, PLLC.
