Morgan Stanley has recruited long-serving Cravath Swaine & Moore partner Francis Barron as its new chief legal officer, reports The Am Law Daily.

Barron, who has spent 32 years at Cravath, is the third partner to leave the US firm for an in-house role in the last three months.

Barron will succeed Gary Lynch as Morgan Stanley's chief legal officer, while Lynch will remain at the financial services giant as a vice-chairman.

Barron has represented a number of major companies including Citigroup and General Electric in high-stakes litigation and has acted as an adviser in critical financial matters and corporate decisions.

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 left Cravath to take the general counsel job at the private equity firm TPG Capital. In March, Julie Sweet, who joined Cravath in 1992, took the general counsel spot at the consulting giant Accenture.

The Am Law Daily is a blog on law.com, Legal Week's US sister title.

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