Smith v. Lyon Cypress Co.
This text of 73 So. 312 (Smith v. Lyon Cypress Co.) is published on Counsel Stack Legal Research, covering Supreme Court of Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
Act 124, p. 210, of 1906, authorizes attorneys at law to “acquire as their fee * * * an interest in the subject-matter of the suit.” In White v. MoOlanahan, 133 La. 396, 63 South. 61, it was held that this interest necessitated the recusation of the judge if related to the attorney within the recusation degree; and in Stiles v. Bruton, 134 La. 523, 64 South. 399, it was held that this interest could not be seized for the debts of the client. But the precise point now made by appellee came -up in Loftin v. Frost-Johnson Lumber Co., 133 La. 644, 63 South. 252, and was decided adversely to appellee’s present contention.
The contingent fee contract in the instant case is in the form of a transfer of a half interest, and counsel say that this feature was absent from the Loftin Case. But it was not. The attorney in that case had “a contract for one-half of whatever may be recovered,” and that contract had been entered into under, and in accordance with, said Act 124 of 1906, which, as already stated, reads, that the attorney “may acquire * * * an in[509]*509terest in the subject-matter.” Therefore, the attorney in that case had “acquired an interest in the subject-matter” precisely as the attorney in the instant case has done.
The motion to dismiss is overruled.
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Cite This Page — Counsel Stack
73 So. 312, 140 La. 507, 1916 La. LEXIS 1696, Counsel Stack Legal Research, https://law.counselstack.com/opinion/smith-v-lyon-cypress-co-la-1916.