A client maintains the privilege to refuse to disclose or to have an attorney disclose any communications that occur while one is seeking legal advice. As advisor, a lawyer provides a client with an informed understanding of the client's legal rights and obligations and explains their practical implications.The attorney-client privilege belongs to the client, which is the company, not its employees. The attorney-client relationship affords a distinct, invaluable right to have communications protected from compelled disclosure to any third party. The company's management has the power to waive the attorney-client privilege. , CHC and Clay Lee, Esq. National Real Estate Information Services, No. 140411 (Comm. Pls. Feb. To clients and in the lawyer's business and personal affairs. Note, The Corporate Attorney-Client Privilege in the Federal Courts, 22 CATIl, LAW. 138,. Where inhouse counsel acts as a business person or a lobbyist, for example, privilege will not lie.