January 9, 2012 7:25 PM
In-House And Out: News Corp., Morgan Stanley Get New GCs, NFL’s Jags Dump Top Lawyer
Posted by Brian Baxter
On the same day the NFL’s Jacksonville Jaguars canned the franchise’s longtime general counsel, Morgan Stanley and News Corporation announced that they had appointed new top in-house attorneys with Am Law 100 ties.
On the hiring front, Morgan Stanley confirmed that Eric Grossman is being promoted to succeed Francis Barron as the company’s next chief legal officer, according to sibling publication Corporate Counsel.
The 60-year-old Barron, whose retirement was announced in an internal Morgan Stanley memo on Monday, joined the financial services giant in July 2010 after 32 years at Cravath, Swaine Moore. His arrival followed a February 2010 shake-up of Morgan Stanley’s in-house legal department that resulted in the resignation of former CLO Gary Lynch.
It was Lynch—hired by Bank of America last year as its new global chief of legal, compliance, and regulatory relations—who brought Grossman to Morgan Stanley from Davis Polk Wardwell in 2006. At Davis Polk, Grossman was a partner in
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