Morgan Stanley is the type of client that holds sway with law firms, so the global investment bank and financial services giant felt comfortable making a bold request of its service providers last year.
In keeping with the growing popularity of secondments in certain portions of the in-house community, the bank, which has been ramping up its own requests for secondees, went all-in, launching a formal secondee program. In doing so, it asked its outside law firms to send over one or two lawyers apiece for six months—at no cost to Morgan Stanley.
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