D.C. CONFIDENTIAL - The SEC sued Covington & Burling last week, demanding it provide identities of clients affected by a 2020 cyberattack. Regulators said the sought-after information is crucial to their investigation into possible securities violations resulting from the attack. But white-collar lawyers Law.com’s Justin Henry spoke to generally agreed that having to disclose client names at regulators’ whim would be detrimental to the attorney-client relationship. While the impact of the subpoena remains to be seen, those familiar with SEC litigation were taken aback by the idea of the regulatory agency targeting such a substantial legal presence. “It’s a big step to switch the focus from the clients to the law firms,” said one lawyer, who asked to remain anonymous to be able to speak freely.

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