Corporate-Attorney Client Privilege. The attorney-client privilege is the oldest privilege for confidential information recognized at common law.It is called Attorney-Client Privilege. The main idea is to encourage a complete and free flow of information between an individual and an attorney. Godfrey, Recent Developments: The Revised AttorneyClient Privilege for Corporations in Texas, 30. TEX. The following tips and considerations can be used to help lawyers protect privileged and confidential communications and information. Unless an exception applies, the client may refuse to disclose the information in a court proceeding and may prevent the lawyer from doing so. The attorney-client privilege belongs to the client, which is the company, not its employees. Attorney-client privilege protects discussions between attorneys and their clients in most situations, but there are times when it may not. A corporation cannot simply send all its sensitive information to an attorney in the hopes that it automatically becomes privileged.