Susan Gross Sholinsky Quoted in “Why Wall Street Is in Such a Rush to Get Workers Back to the Office”

CNN

Susan Gross Sholinsky, Member of the Firm in the Employment, Labor & Workforce Management practice, in the firm’s New York office, was quoted in CNN, in “Why Wall Street Is in Such a Rush to Get Workers Back to the Office,” by Matt Egan.

Following is an excerpt:

Wall Street is wasting no time getting its employees back into the office — whether they want to be there or not. …

Even more than other industries, Wall Street is clearly in a rush to turn the page on this extended era of virtual work. Executives, employees and those who follow the industry point to a range of factors for this.

First, there are the cultural concerns. Zoom calls and Slack messages are no substitute for in-person bonding and training. Others worry about the cybersecurity and risk management vulnerabilities inherent in businesses that conduct billions of dollars of transactions every day. …

Susan Gross Sholinsky, a lawyer at Epstein Becker Green who has advised financial services firms on back-to-work decisions, said regulatory concerns are a major factor behind the desire for Wall Street to get back to the office.

"Employers are concerned about confidentiality of client information, especially in light of the dollars that can be involved," Sholinsky said in an email.