Cohen's lawyers Stephen Ryan and Todd Harrison of McDermott, Will & Emery LLP, a Washington and NY firm, have been representing Cohen and are facing a Friday deadline to complete a review of documents seized by federal prosecutors in an April raid on Cohen's home and office.
The legal team for Michael Cohen, U.S. President Donald Trump's personal lawyer, is expected to stop representing him in the criminal investigation into his business dealings, a person familiar with the matter told Reuters.
"Attorney-client privilege is dead!"
It's unclear if who will represent Cohen moving forward.
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After FBI agents raided Cohen's office in April, Ryan and partner Todd Harrison went to court to try to keep investigators from seeing some confiscated files.
Lawyers for Mr. Cohen didn't respond to requests for comment.
The switch in legal representation could be a prelude for a deal for Cohen to cooperate with prosecutors, legal analysts said, although the Journal reported that Cohen had not yet made such a decision.
Federal prosecutors in NY have publicly said they are investigating alleged fraud in Cohen's business dealings, but haven't disclosed details. He hasn't been charged with any crime. "It's an attack on all we stand for", President Trump said during a meeting with senior military leadership at the White House in April.
"Not a good look and a disaster for Mr. Cohen and Mr. Trump", he said.