A judge had set a deadline of Friday for Cohen's legal team to finish its review of the seized documents.
Wednesday morning's top story has undoubtedly been the report from ABC's George Stephanopoulos that Michael Cohen - President Donald Trump's lawyer - is parting ways with his attorneys and is on the verge of cooperating with Federal authorities.
Roughly 3.7 million files were seized in the Cohen raid and are being reviewed to determine which ones may be subject to attorney-client privilege.
The criminal probe into Cohen's business dealings stems in part from a referral by Special Counsel Robert Mueller, who is investigating whether Trump's 2016 campaign colluded with Russian Federation to influence the USA presidential election.More news: Italian military ships to escort ‘Aquarius’ to Spanish port of Valencia
Cohen, whose office and home were raided in April, has been represented by Ryan and Todd Harrison of McDermott, Will & Emery LLP.
A replacement firm has not been named, ABC News said.
Law&Crime reached out to both Mr. Ryan and Mr. Harrison for comment, but they did not immediately respond.
McDermott Will & Emery, a NY and Washington firm, has been representing Mr. Cohen.More news: Why me and my SNP MPs walked out of parliament today
The unnamed source who spoke to the NYDN characterized Cohen as "very stressed out" about the possibility of an indictment.
Trump's personal lawyer also handled many of his business dealings over the decades.
Trump has acknowledged that he reimbursed Cohen for the payment, but he has denied that the affair with Daniels took place.
It isn't unusual for high-profile figures facing potential criminal charges to look for attorneys who have deep experience in the court where the case is expected to be tried, and a track record of negotiating with local prosecutors.More news: Geraint Thomas survives late scare to win Criterium du Dauphine