[dbot]

There should not be any communication between the lawyers and investors, and that rule should be enshrined in the ABA Code of Conduct in the same way that ethical walls are a requirement.

If the client wants to manage the relationship with investors, set expectations for success, returns, etc...that's one thing. But the lawyer is an advocate for the client, and that relationship is compromised the moment s/he begins feeling pressure from the investors.

[rayiner]

That is what happens in practice, because communication between lawyers and investors are not protected by attorney-client privilege and neither the lawyers nor the funders want to risk compromising the suit by communicating with each other.