But that is just me, a non lawyer saying that. Happy to hear from any Legal Freepers on this. (Since Madison Saving Bank and Casa Grande.... it would be about dxxx time!)
I suspect that you are right, which means that Durham’s target is the entire Perkins-Coie law firm, which would lead directly to the Democrats in general and Hillary in particular.
I suspect that attorney client privilege may not or will not apply
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It is the purpose of the crime-fraud exception to the attorney-client privilege to assure that the “seal of secrecy” between lawyer and client does not extend to communications made for the purpose of getting advice for the commission of a fraud or crime. U.S. v. Zolin, 491 U.S. 554, 562-63 (1989).