Bruce Green was quoted in a Forbes article about the New York City Bar Association’s recent decision regarding the ethics of third-party litigation funding.
The New York City Bar Association released its formal opinion on July 30, interpreting an existing rule on lawyers sharing fees with non-lawyers.
“The opinion concludes that some ways of funding lawyers, financing lawyers, run afoul of the fee-splitting,” Bruce Green, a professor at Fordham Law School who chairs the NYC Bar’s Committee on Professional Ethics, told Legal Newsline. “(It is) not dealing with clients.”
Green added that it is “not a fair assumption” that the bar association is particularly concerned about the practice, which he described as fine within the rules.