BigLaw Slams Hochul Plan To Divert Client Trust Interest Cash

[Gunnar Larson]

BigLaw Slams Hochul Plan To Divert Client Trust Interest Cash
<https://www.law360.com/banking/articles/1797111?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-02-13&read_main=1&nlsidx=0&nlaidx=6>

By Hailey Konnath

A long list of BigLaw attorneys, firm leaders and legal groups have urged
New York Gov. Kathy Hochul to reconsider her plan to divert $100 million in
interest earned on lawyer trust accounts that typically goes toward legal
aid for low-income New Yorkers, calling the move "misguided" and cautioning
that it could create "an existential threat" to civil legal services.

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<https://www.law360.com/banking/articles/1797111?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-02-13&read_more=1&nlsidx=0&nlaidx=6>
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