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Hmm, you thought right - in fact he has a 'taxpayer-funded legal team' according to the BBC.
I guess it might be different for Privileges as he can be suspended or even expelled from Parliament (in theory) but most committees are definitely toothless watchdogs. I fear @moocher is right unfortunately.
It's a Parliamentary Committee and therefore subject to Parliamentary Privilege, so there is no counsel. But there is the same level of protection from legal action or criminal investigation that exists in the Chamber, so you don't need it.