Eric Paley is the team leader of the firm’s Employee Benefits team. He advises clients on how to comply with the laws governing their employee benefits programs.
Three hallmarks distinguish my practice.
I work primarily (though not exclusively) with a wide range of nonprofit organizations—hospitals/health systems, colleges/universities, iconic arts/cultural institutions, trade associations, social service agencies and governmental organizations. Nonprofits are much different animals than for-profit companies. My appreciation for those differences coupled with my vast experience in these sectors give me a unique perspective on the issues my clients are facing and allow me to be a more effective advisor.
Of late, I spend a significant amount of time working with clients on fiduciary compliance—helping them establish or reconstitute their retirement plan committees; advising them on whether to engage a third-party investment consultant or conduct an RFP for a new recordkeeper; and educating boards, officers and committee members on the rapidly changing legal landscape in which they operate.
One of the things I enjoy most about working in this field is that the law is never static and the issues I face on a daily basis vary greatly. By the same token, the growing mountain of compliance burdens can quickly overwhelm employers. I try to keep my clients on task by focusing on practicalities and, whenever possible, bringing my sense of humor to bear on what can often be inane and unnecessarily complex rules.
Blockchain technology, smart contracts and other revolutionary innovations will significantly impact, if not disrupt, the benefits industry in ways we can only imagine at this point. I’m excited to work with those who want to develop these innovations, as well as those who want to adopt and embrace them.
San Francisco Business Times | February 01, 2018
This article mentions Nixon Peabody’s new Blockchain Technology and Smart Contacts team, which includes Rochester labor and employment practice group leader Eric Paley, San Francisco counsel Dan Valles and nearly 60 additional attorneys across offices and practice groups.
ThinkAdvisor | November 01, 2017
This article includes Rochester labor and employment partner and practice group leader Eric Paley as one of blockchain annuity startup Auctus’ newest board members, in a move to enhance its financial services expertise.
University Business | November 01, 2016
Rochester Labor & Employment partners Eric Paley and Christian Hancey are both quoted in this article discussing the impact retirement plan fee litigation, which many colleges and universities are facing, has on the higher education community.
Inside Higher Ed | August 18, 2016
Rochester partner and co-leader of the firm’s labor and employment practice Eric Paley is quoted in this piece about a new wave of lawsuits targeting the retirement plans of several colleges and universities.
NP Trusts & Estates Blog | 09.05.18
Benefits Law Alert | 08.28.18
Originally recorded September 22, 2016 | 09.22.16
Originally recorded August 25, 2016 | 08.30.16
05.22.19 | Rochester, NY
05.15.19 | Jericho, NY
05.14.19 | New York, NY
05.01.19 | Buffalo, NY
12.11.18 | New York, NY
11.27.18 | Rochester, NY
11.08.18 | Buffalo, NY
05.23.18 | Rochester, NY
05.15.18 | Buffalo, NY
Syracuse University College of Law, J.D., magna cum laude
Cornell University, B.A.
U.S. Tax Court
Eric was selected by his peers for inclusion in The Best Lawyers in America© 2019 in the field of Employee Benefits (ERISA) Law. Eric has been listed in Best Lawyers since 2012, and was its 2014 Rochester “Lawyer of the Year” in Litigation – ERISA.
Eric was selected to the Upstate New York Super Lawyers list in 2008, 2009 and 2011-2015. His primary area of practice is employment benefits law.