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Morgan Stanley’s Legal Chief Is Highest-Paid Lawyer on Wall Street

May 4, 2020, 9:30 AM

Morgan Stanley chief legal officer Eric Grossman took a pay cut and still bested his banking industry peers to be the top compensated in-house lawyer last year.

Grossman received nearly $11 million in total compensation, according to a 2019 proxy statement filed by the financial services giant. The pay package was more than the $9.6 million that Wells Fargo & Co.’s former general counsel C. Allen Parker Jr. received last year, as well as the $8.4 million earned by The Goldman Sachs Group Inc.’s legal chief Karen Seymour.

JPMorgan Chase & Co.’s Stacey Friedman and Citigroup Inc.’s Rohan Weerasinghe ...

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