After, Davis Wright Tremaine partner Rachel Strom rose to point out, as the attorney present representing the interest of the assembled press, that case law would support an even smaller subset of Cohen's clients to be considered privileged.

Judge Wood delayed until Monday a hearing in which Cohen's attorneys will argue for a restraining order to temporarily ban federal prosecutors from inspecting the records.

Wood adjourned the hearing until Monday to give lawyers for Trump an opportunity to weigh in on the issue.

A lawyer for Daniels, Michael Avenatti, suggested his customer may function as the niche of some of those supplies, as well as her pursuits wanted coverage also.

"The attorney-client privilege could't at an identical time be utilised like a sword (and) like a shield", McKay advised Wood.

Michael Cohen, whose home and office were raided this week by Federal Bureau of Investigation agents searching in part for information about pay-offs to women alleging sexual encounters with Trump, handled the matter on behalf of the fundraiser, Elliott Broidy, the person said.

They were seeking information on payments made by Cohen to porn star Stormy Daniels, who has said she had sex with Trump in 2006, a person familiar with the matter said.

It's unclear who Cohen met with or what he did in Prague, but his reported trip there came shortly after Paul Manafort abruptly resigned from his role as Trump campaign chairman amid news he had secretly received $12.7 million in secret payment from a pro-Putin Ukrainian political party.

"He suggested that it would be appropriate for me to go out into the media and spill my guts", Davidson said.

Lawyers for Cohen have argued that the some of the records seized in the Monday raid may be protected under attorney-client privilege, which typically makes such communications off limits except in limit circumstances.

"The government is investigating whether there was, in connection with Trump's White House bid, a conspiracy to commit fraud and extortion for the goal of silencing potentially compromising sources - specifically, people in a position to portray Donald Trump as a womanizer", McCarthy, a senior fellow at the National Review Institute, said.

Just because the prosecution appears to believe Trump and Cohen are co-conspirators, that doesn't necessarily mean that will be proven, but that scenario is "clearly being scrutinized", McCarthy said.

"Although Cohen is an attorney, he also has several other business interests and sources of income".

The lawyers fear Cohen will not be forthcoming about what was in his files, leaving them girding for the unknown.

In an interview, Avenatti said he wants to make sure "that the integrity of the documents, whatever was seized, is maintained".

Cohen is being investigated for possible bank fraud, wire fraud and violations of campaign-finance laws, according to people familiar with the matter.

In addition to searching Cohen's office and hotel room, prosecutors also obtained warrants to seize material from his cellphones, tablet, laptop and a safe-deposit box, according to people briefed on the warrants.