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July 1, 2010 11:11 AM

A Third Cravath Partner Goes In-House

Posted by Zach Lowe

Barron web Morgan Stanley has hired longtime Cravath, Swaine & Moore partner Francis Barron as its chief legal officer position. The move makes Barron, a 32-year Cravath veteran, the third partner to leave the firm for an in-house job in the last three months, according to our prior reporting. 

Barron will succeed Gary Lynch as Morgan's chief legal officer, according to a press release issued by the bank. Lynch will remain at the bank as a vice-chairman. Barron has represented A-list companies, including Citigroup and General Electric, in high-stakes litigation and as an adviser in critical financial matters and corporate decisions, according to his Cravath bio. In a statement, Barron said he is "very excited to be joining a firm with the history and stature of Morgan Stanley."

The move comes less than a month after Ronald Cami, a 16-year Cravath veteran, left to take the general counsel job at the private equity firm TPG Capital, according to our prior reporting. In March, Julie Sweet, who joined Cravath in 1992, took the general counsel spot at the consulting giant Accenture, according to our prior reporting. 

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I've known Frank for his entire tenure at CSM.
He is one of the finest attorneys in America period.
Morgan Stanley is beyond fortunate to bring him on.
His departure from CSM speaks volumes about what was once the Congress of Vienna meeting on the 57th (was it the 57th?) floor.
Go Frank.

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