Attorney and Client — Assignment by Attorney of Specified Sum out of Percentage Fee—Lien of Assignee.—The assignment by an attorney of a specified sum to be paid out of the first money to be received by him upon a percentage fee contracted to be paid on the value of the property realized by his client creates 'an equitable lien on such percentage fee in favor of the assignee in the sum specified.

£d.—Composition with Client—Transfer of Realty for Percentage— Enforcement of Lien by Assignee—Reasonable Time.—Where the attorney compounded with his client, and received a transfer of real estate in lieu of the proposed percentage fee, the right of the assignee to enforce his lien upon the fee and to demand and receive the specified sum became absolute; and the attorney was only entitled to a reasonable time to procure the money.

Id.—Option of Client to Pay Percentage and Take Retransfer— Maturity of Assignee’s Cause of Action.—An agreement that the realty transferred to the attorney should be retransferred to the client, upon the exercise of the client’s option to pay the percentage in money within a specified time, is not a condition attached to the grant, but is a mere covenant for an option which the client in fact declined to exercise; and the existence of such covenant could not affect the maturity of the cause of action by the assignee to enforce his lien, after allowing a reasonable time from the transfer of the realty to raise the money.

In.—Action by Assignee—Client not a Necessary Party.—In an action by the assignee against the attorney, the client is a proper, but not a necessary, party. The rights of the client under the contract giving the option, being known to the assignee, could not be injured by an adjudication for the payment of the specified sum agreed to be paid by the attorney to his assignee.

In.—Negotiation of Loan from Client by Attorney—Payment for: Attorney’s Services by Borrower—Validity of Contract.—Where one attorney negotiates a loan through another attorney from, the client of the latter, promising to pay him for his services, by the assignment of an interest in his own fee, which arrangement was fully understood and agreed to by the client, making the loan, the contract to pay for the services of the attorney negotiating the loan is, upon sufficient consideration, and is not against good morals or public policy.