Legal Due Diligence · glossary

Legal professional privilege

The protection that means a client cannot be forced to hand over its lawyers' advice, for example in a later court case. It lasts only while the advice stays confidential, which is why a diligence report is shared so narrowly. Chapter 2

Explained in Chapter 2, The Cast and the Setup, of Legal Due Diligence.

Also explained in Anti-Money Laundering.

How it comes up, in Chapter 2
The report's front page is marked privileged and confidential. It is legal advice to Atlas, so legal professional privilege means nobody, in a later court case or investigation, can force Atlas to hand it over. Privilege lasts only while the report stays confidential, and careless sharing can lose it. That is the second reason the report is shared so narrowly.
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