  We present the model independent analysis of $\Lambda$ baryon polarizations
in the (Lambda_b -> Lambda l^+ l^-) decay. The sensitivity of the averaged
'Lambda' polarizations to the new Wilson coefficients is studied. It is
observed that there exist certain regions of the new Wilson coefficients where
the branching ratio coincides with the standard model prediction, while the
'Lambda' baryon polarizations deviate from the standard model results
remarkably.
