Eric Grossman, the chief legal officer of Morgan Stanley, the billion-dollar global investment bank, recently sent a letter to all law firms working for his company, advising them that Morgan Stanley would no longer use the services of any of these firms if any of their lawyers worked remotely. His reasoning was, apparently, that these firms could not do effective mentoring of their younger lawyers or maintain adequate inter-lawyer collegiality.
LAWYERS SHOULD DRAFT LEGAL DOCUMENTS IN PLAIN ENGLISH
Many readers of this column are business owners, and many of them have a need from time to time to hire a lawyer to draft a contract for them. These contracts might include, for example, a contract between your company and its employees or independent contractors; an asset or stock purchase agreement, a nondisclosure agreement or an LLC operating agreement.