N.Y. Lawyers Can Accept Referral Fees in Retirement
Bloomberg Law reported on NYSBA’s latest ethics opinion on referral fees in retirement. (may require subscription)
Retired New York lawyers can ask for and accept referral fees for work they’ve turned over to another lawyer for safekeeping that evolves into additional work, the state bar’s ethics committee advised.
The attorney has to assume joint responsibility for that work, which requires maintaining the attorney’s registration, the New York State Bar Association’s Committee on Professional Ethics said in the Oct. 3 opinion.