Morgan’s homey feeling
Morgan Stanley doesn’t just want its own employees back in the office. It also wants employees of the companies it works with back in the office.
In a memo sent last week, the Wall Street giant’s chief legal officer, Eric Grossman, urged a slew of white-shoe law firms the company works with to bring their attorneys back for in-person meetings, The Post has confirmed.
“I feel the need to sound a warning in light of what I have generally observed about the lack of urgency to return lawyers to the office,” Grossman said in the letter. “I firmly believe that the most productive meetings are those in person, and as we are already largely back in the office at Morgan Stanley, it is now clear to me that a hybrid meeting of live participants and Zoom participants is challenging at best.”
Morgan Stanley sent the missive to some of the top law firms it retains, including Paul, Weiss, Rifkind, Wharton & Garrison; Davis Polk & Wardwell; and Shearman and Sterling.
Last week, Morgan Stanley boss James Gorman doubled down on his stance against working from home.
“I fundamentally believe the way you and I develop our career is by being mentored and by watching and experiencing the professional skills of those who came before us,” Gorman told analysts.