Without an agreement as to the division of fees, attorneys jointly undertaking to represent a client share equally, and this is true even though one attorney employs another attorney to assist in an action for a contingent fee. But where the client's employment of more than one attorney is not joint, or where separate attorneys render separate services, each is entitled only to the reasonable value of each attorney's services.
Title: Understanding New York Disclosure by Letter from Client to Attorney Regarding Division of Fees between Attorneys Keywords: New York, Disclosure, Letter, Client, Attorney, Division of Fees, Attorneys Introduction: In the legal profession, it is essential to establish clear guidelines regarding the division of fees between attorneys involved in a case. In New York, clients are often required to provide written disclosure to their attorneys regarding the division of fees. This detailed description will explore the various aspects of New York Disclosure by Letter from Client to Attorney regarding the division of fees between attorneys, highlighting its significance, requirements, and potential variations. 1. Significance of New York Disclosure by Letter from Client to Attorney Regarding Division of Fees between Attorneys: — Fair Compensation: The letter enables clients to ensure that attorneys are fairly compensated based on their contribution to the case. — Transparency: It promotes transparency by disclosing details of the fee-sharing arrangement to clients, allowing them to make informed decisions. — Ethical Compliance: The disclosure requirement helps attorneys adhere to ethical rules and standards established by relevant professional organizations. 2. Requirements of New York Disclosure by Letter from Client to Attorney Regarding Division of Fees between Attorneys: — Written Agreement: The letter should be in writing, signed by the client, and contain explicit terms regarding the fee division. — Comprehensive Description: It must provide a detailed breakdown of the division, specifying the percentage or amount allocated to each attorney involved. — Informed Consent: The client's written acknowledgment, indicating their understanding and approval of the division arrangement, is typically required. — Client's Right to Seek Independent Counsel: The letter should inform the client of their right to consult with another attorney to review the agreement if desired. — Time of Disclosure: The disclosure should be made at a reasonable time, ensuring the client has sufficient opportunity to evaluate and comprehend the information. 3. Types of New York Disclosure by Letter from Client to Attorney Regarding Division of Fees between Attorneys: a. Traditional Fee Division: This type involves attorneys working together on a case, sharing fees based on their agreed-upon arrangement. The letter outlines the agreed terms, providing a clear understanding for the client. b. Referral Fee Division: In cases where a referring attorney sends a client to another attorney for specific legal needs, a referral fee division may take place. The letter clarifies the referral fee arrangement and ensures the client is aware of it. c. Co-Counsel Arrangement: When attorneys collaborate as co-counsel, combining their expertise for a client's representation, a fee division letter specifies the allocation of fees between the co-counsel parties. Conclusion: New York Disclosure by Letter from Client to Attorney Regarding Division of Fees between Attorneys plays a crucial role in ensuring transparency, fairness, and ethical compliance within the legal profession. By understanding its significance, meeting the requirements, and being aware of the various types, clients can make informed decisions regarding fee divisions while attorneys maintain professional integrity.
