McDermott Will & Emery, a NY and Washington firm, has been representing Mr. Cohen.
"It resulted in the unnecessary seizure of protected attorney-client communications between a lawyer and his clients".
"There's a lot of speculation about whether Mr. Cohen can pay Mr. Ryan's fees", the Fox Business correspondent continued.
Cohen paid Daniels, whose real name is Stephanie Clifford, shortly before the 2016 presidential election in an effort to keep her silent about the alleged affair.
Cohen's current legal team is expected to stay with him for the rest of the week as they struggle to complete a laborious review of a trove of documents and data files seized from him by authorities two months ago. Trump tweeted after the raid.
The probe into Cohen is being handled by federal prosecutors in Manhattan, who were made aware of alleged wrongdoing by Mueller's team of investigators.
As to why Cohen may feel compelled to cooperate with federal prosecutors, only Michael Cohen can say-but Ken White, a defense lawyer who makes a living off battling the government, gave us one idea.
A source told the network that the law firm that has been representing Cohen is not expected to work with him going forward. "There's also speculation that maybe Mr. Cohen needs a different type of lawyer if - lots of talk right now about Mr. Cohen cooperating with the feds in exchange for leniency if he faces a possible indictment over God knows what". But these are his only two real options, as his case plays out in the Southern District of NY. The New York Times said an issue with payment of legal bills prompted the change.