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The Morgan Stanley Memo: What a Law Firm Client Wants (Podcast)

July 27, 2021, 7:27 PM

Morgan Stanley’s chief legal officer issued a memo earlier this month that has the legal world buzzing. In it, Eric Grossman all but demanded that the law firms working with the financial industry giant end their pandemic work-from-home policies.

News of an in-house counsel dictating to outside law firms the locations from which their lawyers should be working (news that was first reported by Bloomberg Law) has ricocheted across the legal world. In this episode of On The Merits, reporters Brian Baxter and Meghan Tribe discuss why Grossman sent this memo, whether Morgan Stanley can actually force its firms to end remote work, and how all this could affect big law recruitment.

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To contact the reporter on this story: David Schultz in Washington at dschultz@bloombergindustry.com

To contact the editor responsible for this story: Josh Block at jBlock@bloombergindustry.com

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