Norris McLaughlin & Marcus, P.A.

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Transitions in Employment

Nov 17, 2017

In The News: Headhunter Offers to Pay Morgan Stanley Brokers’ Legal Fees

I was recently interviewed by AdvisorHub, a popular wealth management news source, to once again discuss the effects of Morgan Stanley’s exit from the Protocol for Broker Recruiting. A Colorado-based search firm, Advisorbox, recently unveiled a promotion aimed at Morgan Stanley brokers with at least $500,000 of production. If they leave the firm, Advisorbox is offering to pay up to $25,000 of their legal costs.… Read More

Nov 13, 2017

Suggestions on Avoiding Mishaps in Employee Discipline or Termination

Sometimes the most obvious steps to minimize the risk of adverse employment decisions are disregarded. Critical to avoiding making matters worse when disciplining an employee for some form of misconduct or failure in performance, up to and including termination is to DOCUMENT, DOCUMENT, DOCUMENT. A well maintained paper trail, beginning as early as the recruiting phase, should provide stronger support for any employment decision down the road.  … Read More

Nov 09, 2017

In The News: 7 Ways Morgan Stanley’s Protocol Exit Will Backfire

You may recall, I posted about Morgan Stanley withdrawing from the Protocol for Broker Recruiting last week. I recently had the pleasure of being interviewed about this news by Mark Elzweig of OnWallStreet, an information resource for financial advisors. Read his article “7 ways Morgan Stanley’s protocol exit will backfire” here to learn more and see what else I have to say about the shocking news!… Read More

Nov 08, 2017

The New Meeting Trend

In “New Meeting Rules: Five Minutes, Max” featured in today’s The Wall Street Journal (page A11), Sue Shellenbarger describes a new trend in meetings — short, short, short, limiting participants to speaking no more than 5 to 15 minutes. While efficiency can certainly be maximized by keeping the long-winded employee in check, if good ideas are presented at these abbreviated sessions, hopefully the deliberative process will not be forfeited to restricted time blocks.… Read More

Oct 30, 2017

Morgan Stanley Withdrawing from the Protocol for Broker Recruiting

The breaking news that Morgan Stanley will be withdrawing as a signatory to the Protocol for Broker Recruiting may signal the beginning of the end for the Protocol– at least as it relates to the wire house firms. Will other firms follow suit and start to depart? While there have always been outliers (or those firms who have not signed on), this departure will enhance the significance of non-solicitation covenants in the marketplace because those leaving or joining Morgan Stanley will no longer move under the protective dome of the Protocol.… Read More

Jul 27, 2017

Employers Pull Plug on Remote Work

The tide may be turning away from remote work arrangements, such that companies are seeking enhanced control over the workday, including direct contact with and by employees.  The change will be good for some companies but not necessarily for all, depending upon the nature of the business.  We’ll see what happens as companies that make the change monitor the impact on their bottom line.  … Read More

May 17, 2017

IN THE NEWS: New Case Shows You Have To Check Your LinkedIn Contacts After Leaving a Job

I was recently interviewed by Ladders, a media publication covering workforce issues, regarding yet another case involving social media and employment.

The article discusses how a former employee of a global recruiting and staffing company was forced to remove thousands of her LinkedIn contacts because the company claimed the relationships didn’t belong to her, but the company. As the details of the employee’s employment contract or any confidentiality or non solicit agreement that may have been signed are unknown, one can only speculate whether she had the right to do so.… Read More

Apr 24, 2017

2017 Wall Street Women Forum: Recharging in Times of Change

Our firm is a sponsor of RegentAtlantic’s Wall Street Women Forum to be held on April 26 in New York.
I will be attending and am looking forward to the event, which will “address career and personal issues in the face of the rapidly changing landscape of the industry.”  For more information on the upcoming event, you may visit RegentAtlantic.com.… Read More

Mar 22, 2017

No Right to Privacy in the Workplace

Confirming yet again that there is no right to privacy in the workplace, Kelsey Gee’s article “Why Bosses Are Tracking Employees” on page B5 in today’s The Wall Street Journal describes how companies are tracking employee interactions and office traffic, including communications via email and chat logs. While the intent is “to improve workplace interaction,” the practice adds a layer of increased employee surveillance that employees of companies using the technology may not be aware.… Read More

Mar 02, 2017

Charles Bruder & David Harmon To Present Webinar on Settlement and Severance Packages

Charles A. Bruder and David T. Harmon, Members of the  law firm Norris McLaughlin & Marcus, P.A., and Co-Chairs of the firm’s Executive Compensation and Employee Benefits Group, will present the webinar “Utilizing Settlement and Severance Packages” in conjunction with Lorman Education Services on Tuesday, March 21, from 1-2:30pm.

Since employers, large and small, are dealing with more frequent changes in their employee populations than ever before, this webinar will help them understand key issues to address in a settlement or severance agreement to avoid litigation and that will benefit both the employer and the departing employee.  … Read More

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