Cryptic crossword clue
A legal privilege to keep very quiet comes as a peace offering 11

The most common and most likely answer to this crossword clue is the 11 letter word APPEASEMENT

I've seen this crossword clue in Financial Times
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Buddy explains!

The straight part
We know that "peace offering" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case peace offering = appeasement.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does APPEASEMENT mean?

APPEASEMENT noun
  1. The state of being appeased; the policy of giving in to demands in order to preserve the peace.

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